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Nationwide Mortgages For Over 55s – UK Low Rate Finance – 2.37% MER For 2022

Nationwide mortgages for over 55s

    • Release equity from your house or buy a house with Nationwide mortgages for over 55s
    • No regular monthly repayments- or repayment- or just interest
    • Free valuation
    • Use the money to keep another family member away from a high LTV mortgage
    • 2.37% MER Fixed for life
    • Continue to stay in your home

How much money can I get?

You can achieve 70% of your home’s valuation. For example, if your house is worth £290000 you can borrow £203000.

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Cash tied up in home

Hard to finance property types can include pre-fabricated reinforced concrete (PRC), properties with any externally applied insulation to the walls after construction, studio flats located within the M25, privately developed flats in blocks of five storeys or more and freehold flats (England, Wales, Northern Ireland).

West London Home

Hard to mortgage home variants include properties where proposed building works have not yet commenced, properties where the ownership is set up on a tenancy in common basis, freehold houses and bungalows (England, Wales, Northern Ireland), leasehold properties (with the exception of flats and maisonettes) and properties where the borrower(s) own the freehold with any connected party.

Aviva lifetime mortgage

Some of the most common loan to value percentage ratios of Aviva retirement interest only mortgages over 75, Shepherds Friendly lifetime mortgages for over 60s, Leeds Building Society interest only mortgages for people over 70, Principality Building Society interest only mortgages for people over 70, West Bromwich Building Society interest only retirement mortgages for over 70s and Progressive Building Society mortgages for over 65 are 35%, 55% and 65%.

Canada Life - Lifestyle Gold

Common LTV percentages of Liverpool Victoria mortgages for over 50 year olds, More to life mortgages for people 60 plus, One Family equity release schemes for people over 70, Yorkshire Building Society mortgages for over 50 year olds, Principality Building Society over 60 lifetime mortgages and Axa mortgages over 70s are 50%, 55% and 70%.

Canada Life Home Finance lifetime mortgage for properties in Scotland

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The lender will want to know if the property is a Semi detached freehold house or a Leasehold flat and if the resident is an Assured shorthold tenancy tenant.

  • More 2 Life Tailored Choice Plan
  • Liverpool Victoria LV= Flexible Lifetime Mortgage
  • Stonehaven Interest Only Lifetime Mortgage
  • Nationwide Equity Release Plans
  • Aviva Equity Release
  • Nationwide Mortgages For Over 55s
  • Liverpool Victoria LV Equity Release Plans
  • Nationwide Interest Only Lifetime Mortgage
  • Royal Bank of Scotland Lifetime Mortgage
  • Saga home reversion plan
  • Age Partnership Interest Only Lifetime Mortgage
  • More to life Flexi Choice Drawdown Lite Plan
  • Bridgewater Equity Release
  • Liverpool Victoria LV Equity Release Plans
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • Stonehaven Interest Select Plan
  • Aviva Lifetime Mortgages for Pensioners
  • L&G Legal & General Flexible Max Scheme
  • More 2 Life Capital Choice Plus Plan
  • Age Partnership Interest Only Lifetime Mortgage

Lloyds Bank Equity Release Retirement

Towns of the UK where Lifetime Mortgages are routine – Nationwide Mortgages For Over 55s

  • Devizes
  • Surbiton
  • Saltash
  • Bilston
  • Tonbridge
  • Redenhall with Harleston
  • Grange-over-Sands
  • Whitchurch
  • Dinnington St Johns
  • Barnard Castle
  • Bradley Stoke
  • Minehead
  • Downham Market
  • North Petherton

Lloyds Bank Equity Release Scheme

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

  • Wholesale of hardware, plumbing and heating equipment and supplies Melton Mowbray
  • The building of pleasure and sporting boats Denholme
  • Sewerage Cinderford
  • Administration of financial markets Corsham
  • Real estate agencies Stockport

Legal & General - Premier Flexible Black

Tough to mortgage home variants include properties built on contaminated land, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), property is uninhabitable, asbestos construction and concrete frame.

How much is it common to release from a home

  • 55% lump sum lifetime mortgages Fortify Insurance Solutions
  • 60% loan to value (LTV) interest-only lifetime mortgages Equifinance

Does Nationwide offer Equity Release?

Yes, Nationwide Equity Release is 1.8% MER.

It is often found to discover individuals searching for a monthly payment lifetime mortgage, lump sum lifetime mortgages or home reversion schemes, however, Key Solutions like VitalityLife Equity Release are keen to see proof of your circumstances in the form of bank statements.

Equity Release Lenders similar to Nationwide Mortgages For Over 55s

  • Lifetime Mortgage from L&G
  • Norwich Union
  • Age Concern

Drawbacks of Equity Release Plans

Lump sum lifetime mortgages can reduce the value of your estate. Home reversion plans may impact the ability to claim benefits. You may need to pay a valuation fee, and you could be exposed to changes in interest rates with some products.

What percentage can be released?

The more elderly you are and the sicker you are, the more cash you can release.

Does Nationwide offer Pensioner Mortgages?

Yes, Nationwide Pensioner Mortgages are 1.96% APRC.

Canada Life

Challenging 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 converted from modern commercial premises, properties without direct access to an adopted highway or which are accessed over an unmade road, properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties with mobile phone masts which are within influencing distance of the house.

Hodge Lifetime Drawdown Lifetime Mortgages

Do Nationwide do Retirement Mortgages?

Yes, Nationwide Retirement Mortgages are 2.05% APRC.

Legal and General

Common loan to value percentages of Lloyds equity release schemes for over 55’s, Barclays Bank interest only mortgages for over 65 year olds, Post Office later life interest only mortgages over 60, L&G mortgages for over 65, Royal Bank of Scotland interest only mortgages for people over 60 and Nationwide BS mortgages over 65 are 45%, 60% and 70%.

Do Nationwide do Equity Release Under 55?

Yes, Nationwide Equity Release Under 55 is 1.88% APR.

Locations of our
head offices

Nationwide Head Office address – Swindon
Nationwide Building Society
Nationwide House
Pipers Way
SN38 1NW
GPS/Geographical Post Code Only: SN3 1TA

Nationwide Administration Centre address – Northampton
Nationwide Building Society
Kings Park Road
Moulton park

Portman House Bournemouth Administration Centre
Richmond Hill

Some of the most popular retirement loan offerings are Lloyds Bank over 60 mortgages, Barclays interest only lifetime mortgages, Halifax mortgages over 65, Legal & General lifetime mortgages and Nationwide retirement interest only mortgages.

Does Nationwide offer Lifetime Mortgages?

Yes, Nationwide do lifetime mortgages at 2.07% MER. Nationwide Lifetime Mortgages have a loan to value of 75%.

In conclusion, equity release or equity drawdown are terms used to describe the release of funds from a property by a homeowner without the need to move or sell the property. If a homeowner has a home with equity, he or she may be looking to make the most of their money, or to unlock the potential of their home’s value to have more funds to live on in retirement. The borrower, and lender, will have to make sure they understand the property, the loan and the legalities of the property title.