Discover the advantages of Nationwide Equity Release for UK homeowners

nationwide

  • Release tax-free cash from your house with Nationwide mortgages for over 60s
  • No monthly repayments
  • Use the money to buy another house
  • Still, have some mortgage outstanding? No problems
  • Continue to stay in your house for as long as you like
  • Your Requirements

  • Please enter a number from 9000 to 20000000.
  • About You

  • By clicking Submit and ticking the box above you agree to be contacted by email or telephone by an FCA authorised equity release advisor and confirm that you have read and agreed to our Terms & Conditions and our Privacy Policy

equity release loan
main residence
equity release lifetime
equity release lender
home's value

Equity Release Loan To Value

  • 60% monthly payment lifetime mortgage LV Liverpool Victoria
  • 55% LTV Nationwide mortgages for over 60s
  • 25% LTV monthly payment lifetime mortgage Nottingham
  • 50% loan to value monthly payment lifetime mortgage Aviva
  • 30% LTV home reversion plans Saffron Building Society
  • 45% loan to value home reversion plans Foundation Home Loans

 

Retired small business owners that may be interested in Home Reversion Schemes

  • Manufacture of ceramic insulators and insulating fittings Peacehaven
  • Fitness facilities Towcester
  • Other information service activities n e c Adlington
  • Operation of warehousing and storage facilities for water transport activities Ferndown
  • Extraction of salt Rotherham
  • Wholesale of pharmaceutical goods Barton-upon-Humber
  • General cleaning of buildings Stalham
  • Mining of uranium and thorium ores Elstree and Borehamwood
  • Manufacture of ready-mixed concrete Stanhope
  • Performing arts Dawlish
  • Manufacture of pumps Halesworth
  • Manufacture of central heating radiators and boilers Howden
  • Wholesale of computers, computer peripheral equipment and software Corringham
  • Life insurance Thame
  • Hospital activities Trowbridge
  • Sea and coastal freight water transport Hunstanton
  • Sale of used cars and light motor vehicles Penkridge
  • Manufacture of beer Goole
  • Manufacture of electronic measuring, testing etc equipment, not for industrial process control Maghull
  • Regulation of and contribution to the more efficient operation of businesses Newark-on-Trent
  • Construction of utility projects for fluids Corsham

Lloyds Lifetime Mortgage Fixed Rate

Lloyds Lifetime Mortgage Drawdown Scheme

  • More 2 Life Flexi Choice Drawdown Lite Plan
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • HSBC Lifetime Mortgage
  • TSB Equity Release
  • Saga home reversion plan
  • More2Life Tailored Choice Plan
  • Just retirement equity release lifetime mortgages
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • Stonehaven Equity Release Plan
  • More 2 Life Capital Choice Plus Plan
  • Saga Equity Release Plans
  • Age Partnership Equity Release Schemes
  • Just Retirement Interest Only Lifetime Mortgage
  • More 2 Life Tailored Choice Plan
  • Pure Retirement Classic Drawdown Lite Plan
  • Royal Bank of Scotland Equity Release
  • Saga Equity Release Schemes
  • Liverpool Victoria LV Equity Release
  • More2Life Capital Choice Plan
  • NatWest Equity Release Plans

 

Equity Release UK Providers

  • More2Life
  • Norwich Union
  • Key Solutions

 

Drawbacks of Lifetime Mortgages

Monthly payment equity release can reduce the value of your estate. Lumpsum lifetime mortgages may impact entitlements to state benefits. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products.

home improvements
authorised and regulated

Hard to finance home types include properties where proposed building works have not yet commenced, properties where letting arrangement where the tenancy agreement is not appropriate, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, properties which are made up of multiple titles and freehold flats (England, Wales, Northern Ireland).

Some of the most common retirement finance offerings are TSB remortgages for people over 50 years old, Barclays Bank retirement interest only mortgages, Halifax lifetime mortgages, Legal and General lifetime mortgages and Nationwide Building Society mortgages for people 60 plus.

Difficult to finance property variants can include timber-framed properties built before 1920, properties with any external treatment applied to the roof after construction, properties with a minimum floor area of 30 square metres, former local authority flats and basement or lower ground floor flats with level access to private or communal garden space.

Popular loan to values of TSB pensioner mortgages over 60, Barclays Bank interest only mortgages for people over 70, Post Office over 60 lifetime mortgages no fees, L&G mortgages for people over 50, RBS pensioner mortgages over 60 and Nationwide retirement interest only mortgages over 75 are 50%, 55% and 65%.

Tough to mortgage property titles include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties with flying or creeping freehold which comprises 15% or less of the total floor area, agricultural use of the land and any outbuildings, properties that are being used for personal commercial use and properties in coastal areas that may be affected by erosion.

Challenging to finance property titles include properties with a sinking fund of 7% or more of the property sale price when the property is sold, properties with any kind of structural defect, damp, dry or wet rot, properties where there are boundary disputes or where planning applications have not been applied for correctly, mundic homes and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

How much money can I get- Nationwide mortgages for over 60s?

You can get 70% of your home’s value. As an example, if your house is worth £350000 you can get £245000.

home reversion plan
home reversion schemes
LV= Lump Sum+ Lifetime Mortgage
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The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.

Areas in the UK where retirement mortgages are popular

  • Flitwick
  • Shefford
  • Wallsend
  • Minster
  • Thornaby-on-Tees
  • Dronfield
  • Weybridge
  • Dartmouth
  • Filey
  • Ashington
  • Stainforth
  • Dartmouth
  • Woburn Sands
  • Somerton
  • Marlborough
  • Tenterden
  • Cranbrook
  • Cheltenham
  • Sudbury
  • Uttoxeter

LV Drawdown Lifetime Mortgages

Just Equity Release

Equity Release percentages of your current property value

The more elderly you are and the more illnesses you have you are the more tax-free cash you can release.

It’s usual to discover people looking for monthly payment lifetime mortgage, monthly payment lifetime mortgage or home reversion schemes, however, Legal and General like AIG Life are keen to see paperwork to show your personal circumstances in the form of bank statements.