Riverton

Riverton is a new later life lending brand created by Rothesay, one of the UK’s largest providers of pension and retirement solutions. With deep financial strength and decades of actuarial expertise behind them, Riverton have designed a range of Lifetime Mortgages that focus on clarity, stability and fair outcomes for customers throughout their retirement journey.

Riverton’s Lifetime Mortgage products are built to offer flexible borrowing options for homeowners aged 55 and over across England, Wales, and mainland Scotland. Their commitment to transparent product design and straightforward processes ensures you receive the financial support and peace of mind you deserve in later life.

There is one core Lifetime Mortgage range offered by Riverton, designed to support a wide variety of customer needs. Riverton are members of the Equity Release Council, which guarantees a fixed interest rate for the duration of your Lifetime Mortgage and the option to make voluntary repayments each year, along with other council-approved protections.

Riverton Lifetime Mortgage

The Riverton Lifetime Mortgage is available to homeowners aged 55 to 84 and provides flexible borrowing across England, Wales and mainland Scotland.

Customers can choose either a lump sum or drawdown plan, with further advances and additional drawdowns available subject to lending criteria.

This product can be tailored to your individual requirements, offering:

• Initial loan amounts from £20,000, with lending up to £2,000,000 as standard
• Flexible drawdown, enabling you to release funds as needed with minimum withdrawals of £500
• Voluntary payments, allowing upto 10% per year of the initial loan to be repaid penalty-free
• A structured early repayment charge (ERC), reducing annually and ending after the 10th year
• Downsizing protection - enabling repayment without ERCs in specific circumstances, such as long-term care or unsuitable new property criteria