RIO

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Across
  1. 3. – A charge for ending a mortgage early.
  2. 5. – Guidance often required before taking a RIO mortgage.
  3. 7. – What happens when the property is sold.
  4. 11. – Test to ensure you can pay monthly costs.
  5. 13. – Bank or building society offering the mortgage.
  6. 14. – What you leave behind for loved ones.
  7. 16. – The agreed length of the mortgage.
  8. 17. – Life stage when income often comes from pensions.
  9. 18. – The process of assessing risk before approving a mortgage.
  10. 19. – A loan secured against your home.
  11. 22. – Regular income received after retirement.
Down
  1. 1. – Assessment of a property’s worth.
  2. 2. – Inspection of a property before mortgage approval.
  3. 4. – A type of interest that does not change over time.
  4. 6. – The portion of your home you own outright.
  5. 8. – The home tied to the loan.
  6. 9. – Criteria you must meet to qualify for a RIO mortgage.
  7. 10. – A professional who helps arrange mortgages.
  8. 12. – A mortgage type where you pay only interest, not capital.
  9. 14. – The charge for borrowing money.
  10. 15. – Rules governing mortgage products and lenders.
  11. 20. Clues
  12. 21. – Initial payment made when buying a property.