Find the advantages of Nationwide Retirement Mortgage for UK property

nationwide

  • Remove tax-free equity from your property
  • No monthly payments
  • Use the money for anything you like
  • Still, have a few more mortgages payments to make? We can help with that
  • Continue to live in your own house
  • Could be used to help tax planning
  • Your Requirements

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

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industry body
loan amount
Under 65 Home owner

What percentage can be released?

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

 

  • More 2 Life Flexi Choice Drawdown Lite Plan
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Just Retirement Interest Only Lifetime Mortgage
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage
  • More 2 Life Flexi Choice Drawdown Lite Plan
  • TSB Lifetime Interest Only Mortgage
  • NatWest Equity Release Plans
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Aviva Lifetime Mortgages for Pensioners
  • More2Life Capital Choice Plan
  • Hodge Equity Release Schemes
  • Liverpool Victoria LV= Lump Sum Plus Lifetime Mortgage
  • NatWest Equity Release Plans
  • Age Partnership Equity Release Schemes
  • Canada Life Prestige Flexi Option
  • L&G Legal & General Flexible Lifetime Mortgage
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • More to Life Flexi Choice Drawdown Lite Plan
  • Stonehaven Equity Release Plan
  • Age Partnership Equity Release Plans

The mortgage lender will want to know if the property is a Freehold terraced house or a Leasehold flat with a share of freehold and if the resident is an Owner Occupier.

Equity Release LTV

  • 55% lumpsum lifetime mortgages The Exeter Equity Release
  • 35% loan to value (LTV) interest-only lifetime mortgages Step Change
  • 25% loan to value monthly payment lifetime mortgage Equifinance
  • 55% loan to value (LTV) monthly payment lifetime mortgage Together Money
  • 30% loan to value home reversion schemes Fleet Mortgages

Lloyds Equity Release Plans

Successful business owners who could benefit from Home Reversion Scheme tax planning

  • Raising of camels and camelids Newhaven
  • Other specialised construction activities n e c Hartland
  • Renting and leasing of other personal and household goods Stafford
  • Preparation and spinning of textile fibres Highworth
  • Agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods Margate
  • The casting of light metals Princes Risborough
  • Agents involved in the sale of a variety of goods Windermere
  • The casting of other non-ferrous metals Dartmouth
  • Fund management activities Chingford
  • Growing of pome fruits and stone fruits Middlewich
  • Photocopying, document preparation and other specialised office support activities Chertsey
  • Manufacture of agricultural tractors South Woodham Ferrers
  • Private security activities Wetherby
  • Barristers at law Preesall
  • Other treatments of petroleum products excluding petrochemicals manufacture Cleckheaton
  • Ready-made interactive leisure and entertainment software development Beverley
  • Activities of sports clubs Winslow
  • Sawmilling and planing of wood Kirkby Lonsdale
  • Wholesale of wood, construction materials and sanitary equipment Chulmleigh
  • General public administration activities Hounslow
  • Manufacture of other parts and accessories for motor vehicles Bilston

 

Towns where retirement mortgages are popular

  • New Milton
  • Mere
  • Stockton-on-Tees
  • Bollington
  • Totnes
  • Padiham
  • Malvern
  • Matlock
  • Stevenage
  • Aspatria
  • Dover
  • Swaffham
  • Edenbridge
  • Weston-super-Mare
  • Northampton
  • Bexley
  • Swanage
  • Berwick-upon-Tweed

Lloyds Equity Release Retirement

Difficult to mortgage home variants can include properties currently undergoing substantial alterations, extensions or repairs, age-restricted properties, feuhold/freehold properties (including flats) in Scotland, properties which are made up of multiple titles and properties with single skin brickwork.

Many of the most appealing retirement finance offerings are Lloyds Bank mortgages over 65, Barclays interest only lifetime mortgages, Post Office later life mortgages, L&G retirement interest only mortgages and Nationwide Building Society later life mortgages.

Difficult to finance property types can include pre-fabricated reinforced concrete (PRC), properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, properties constructed or converted within the past 10 years, privately developed flats in blocks of two storeys without a lift and freehold flats (England, Wales, Northern Ireland).

Popular loan to value percentages of Lloyds later life mortgages for over 60s, Barclays Bank interest only mortgages for over 65 year olds, Natwest over 60 mortgages, Legal & General mortgages for 60 year olds, RBS help to buy for over 60s and Nationwide over 60 lifetime mortgages are 45%, 60% and 65%.

Tough to finance home variants can include properties built or converted into dwellings within the last 10 years, properties with grounds in excess of five acres, agricultural use of the land and any outbuildings, properties with mobile phone masts which are not within influencing distance of the house and properties adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.

Tough to finance home variants can include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, 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, thatched buildings and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

How much cash can I borrow?

You can get 60% of your property’s value. For example, if your house is valued at £300000 you can release £180000.

It’s often found to encounter people looking for home reversion plans, lump sum lifetime mortgages or lifetime mortgage with flexible drawdown cash release, however, Just Retirement like Maximum cover Equity Release are keen to see paperwork to show your circumstances in the form of bank statements.

UK Equity Release Providers

  • Lifetime Mortgage from L&G
  • Stonehaven Mortgage
  • Bower

equity release cost
aged 55
home improvements
equity release products
make monthly payments
financial advice

More2Life Retirement Mortgages

Pure Retirement Drawdown Lifetime Mortgages

Just Equity Release

Just Retirement Mortgages

Pitfalls of Lifetime Mortgages

A monthly payment lifetime mortgage can reduce your estate value. Lump-sum lifetime mortgages may impact the ability to claim entitlements. You may need to pay an advisor’s fee and you could be exposed to changes in interest rates with some products.