Sorting by

×

Low rate Nationwide Mortgages For Over 60s – New For 2022 – Free Valuation

Nationwide mortgages for over 60s

  • Remove tax-free cash from your property or buy another home
  • Nationwide mortgages for over 60s can offer a very low overall cost
  • You don’t need to make monthly payments with some plans
  • Free valuation
  • Use money from your home to buy another house
  • Still, have a few more mortgages payments to make? No problems
  • Continue to stay in your home for as long as you like

How much cash can I release?

You can release 60% of your property’s value. For example, if your home is valued at £240000 you can get £144000.

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Home equity Tied Up
West London Home
Homeowner in their 60s
Homeowner in their 70s
Access home equity

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

https://www.nationwide.co.uk/

Examples of retired small business owners likely to have equity to release

  • Retail trade of motor vehicle parts and accessories Arundel
  • Support activities to performing arts Alsager
  • Retail sale of music and video recordings in specialised stores Glastonbury
  • General public administration activities Poynton-with-Worth
  • Renting and leasing of media entertainment equipment Salcombe
  • Manufacture of flat glass Denholme
  • Investigation activities Mexborough
  • Painting Ealing
  • Freight transport by road St Ives
  • Maintenance and repair of motor vehicles Royston
  • Manufacture of perfumes and toilet preparations Warrington
  • Manufacture of other special-purpose machinery n e c Wells-next-the-Sea
  • Hotels and similar accommodation Ampthill
  • Production of coffee and coffee substitutes Wem
  • Other specialised construction activities n e c West Tilbury
  • Support activities for crop production Newark-on-Trent
  • Activities of patent and copyright agents; other legal activities n e c Tewkesbury
  • Physical well-being activities Colburn

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 Assured shorthold tenancy tenant.  Nationwide mortgages for over 60s are very popular in many areas.

  • Hodge Lifetime Flexible Drawdown Plan
  • Lloyds Bank Equity Release Plans
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Saga Equity Release Plans
  • Aviva Flexible Voluntary Repayment Plan
  • Just retirement defined benefit
  • Liverpool Victoria LV Equity Release Schemes
  • Saga home reversion schemes
  • More to life Flexi Choice Drawdown Lite Plan
  • Hodge Lifetime Flexible Drawdown Plan
  • Pure Retirement Classic Voluntary Payment Super Lite
  • NatWest Interest Only Lifetime Mortgage
  • Age Partnership Equity Release Plans
  • More to Life Capital Choice Plus Plan
  • Pure Retirement Classic Voluntary Payment Super Lite
  • Stonehaven Interest Select Plan
  • TSB Lifetime Interest Only Mortgage
  • Age Partnership Interest Only Lifetime Mortgage

Legal & General - Flexible Blue

Common loan to value percentages of LV= pensioner mortgages over 70s, More to Life equity release schemes for people over 70, One Family equity release plans for people over 60, Yorkshire Building Society equity release plans for people over 60, Metro Bank mortgages for 60 year olds and Axa pensioner mortgages over 70s are 45%, 55% and 70%.

Pure Retirement - Classic Super Lite Plan

Popular loan to value percentages of Virgin Money interest only mortgages for over 60s near London, Shepherds Friendly lifetime mortgages for over 60s, Sainsbury’s interest only retirement mortgages for over 70s, Skipton Building Society over 60 mortgages, West Bromwich Building Society later life mortgages for over 60s and Cumberland Building Society interest only mortgages for over 70s are 35%, 55% and 70%.

Hodge Lifetime lifetime mortgage

Do Nationwide do Equity Release?

Yes, Nationwide Equity Release is 2.23% APR.

Difficult to finance property types include poorly maintained at the time of the valuation inspection, properties where tenants live in a self-contained part of the property, freehold houses and bungalows (England, Wales, Northern Ireland), leasehold properties (with the exception of flats and maisonettes) and properties with owned solar panels.

More to life  - Capital Choice Plan

Hard to mortgage property variants can include properties with post 1945 asbestos or similar composition roof tiles, timber framed properties built between 1920 and 1965, properties with a minimum floor area of 30 square metres, studio flats outside the M25 and flats above or adjacent to commercial premises.

Tough to finance property variants include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, agricultural use of the land and any outbuildings, properties that are being used for personal commercial use and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

How much is it common to release from a home with Nationwide mortgages for over 60s

  • 60% interest-only lifetime mortgages Old Mutual Wealth
  • 60% LTV monthly payment lifetime mortgage Just Retirement
  • 50% loan to value (LTV) monthly payment lifetime mortgage 1st Stop Home Loans
  • 25% loan to value (LTV) home reversion schemes Loughborough Building Society
  • 25% loan to value monthly payment lifetime mortgage Chelsea Building Society

 

Do Nationwide do Pensioner Mortgages?

Yes, Nationwide Pensioner Mortgages are 2.24% APR.

UK Equity Release Lenders

  • Just Retirement
  • Saga
  • Sunlife Plans

Legal and General

More to life Equity Release

Challenging to finance home titles can include rent charges properties with a high estate rent charge, properties with any kind of structural defect, damp, dry or wet rot, derelict property or where part of the building is in severe disrepair and needs demolishing, asbestos construction and concrete frame.

Aviva Equity Release

Do Nationwide do Retirement Mortgages?

Yes, Nationwide Retirement Mortgages are 2.23% MER.

Just Equity Release

 

It is usual to find individuals seeking out monthly payment lifetime mortgage, lump sum lifetime mortgages or lifetime mortgage with flexible drawdown cash release. However, Age Concern like Maximum cover Equity Release are keen to see paperwork to show your circumstances in the form of bank statements.

 

Does Nationwide offer Equity Release Under 55?

Yes, Nationwide Equity Release Under 55 is 2.23% MER.

Areas where retirement mortgages are common

  • Desborough
  • Broadstairs and St Peters
  • Ferryhill
  • Saxmundham
  • St Just-in-Penwith
  • Dudley
  • Midsomer Norton
  • Dovercourt
  • Hastings
  • Crowborough
  • Faringdon
  • Dartmouth
  • Stanhope
  • Haslemere

 

Some of the most popular pensioner mortgage products are Lloyds lifetime mortgages, Barclays Bank mortgages for over 50 year olds, Halifax help to buy for over 60s, L&G remortgages for people over 50 years old and Nationwide BS mortgages over 70s.

Drawbacks of Lifetime Mortgages

Interest-only lifetime mortgages can reduce the inheritance for your family. Monthly payment equity release may impact entitlements to state benefits. You may need to pay a valuation fee, and you could be exposed to changes in interest rates with some products.

Equity Release LTV Percentages

The more aged you are and the more serious the illnesses you have, the more cash you can release.

Locations of our head offices

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

Nationwide Administration Centre address – Northampton
Nationwide Building Society
Kings Park Road
Moulton park
Northampton
NN3 6NW

Portman House Bournemouth Administration Centre
Richmond Hill
Bournemouth
BH2 6EP

Some of the most popular LTV percentages of Lloyds mortgages for over 65, Barclays retirement interest only mortgages over 60, NatWest mortgages for 60 plus, Legal and General mortgages for 60 plus pensioners, Royal Bank of Scotland pensioner mortgages over 70s and Nationwide Building Society retirement interest only mortgages over 75 are 40%, 55% and 65%.

Does Nationwide offer Lifetime Mortgages?

Yes, Nationwide do lifetime mortgages at 2.3% MER. Nationwide Lifetime Mortgages can have a loan to value of 65%.

In conclusion, you can get a 50% mortgage without a building society or bank mortgage having to fork out thousands of pounds to arrange it. Equity release or lifetime mortgages can be arranged via a specialist broker, who will be able to talk you through the available options, and advise you on whether equity release is right for you.