1.97% Equity Release Nationwide Scheme for 2021

equity release nationwide rates

  • Release money from your home or purchase a home
  • New 1.97% rate available with equity release Nationwide
  • £299 Valuation fee
  • No lenders fees
  • No brokers fees
  • No product fees
  • Not necessary to make monthly payments
  • Use the money to buy another property
  • Continue to live in your own home for as long as you like
  • Can be used to help tax planning – Nationwide Lifetime Mortgage

Rates as low as 1.97% APR with only a small valuation fee to pay.  You can choose if you make a monthly payment or not.

  • Your Requirements

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

nationwide building society equity release borrowers

Testimonials and Example Cases

Nationwide Building Society Equity Release

Mrs M from Birmingham

With no brokers fees and no lenders fees, I got an interest-only retirement mortgage which I pay each month from my private pension. The money released went to my daughter for her wedding and deposit for her next house. She wanted a family, and her flat was too small.

equity release nationwide

William from London

I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could buy bigger homes and we bought a house in the south of France for us all to use as a holiday home.

nationwide building society equity release

Mr Smith from Kendal

My financial advisor told me that I should get equity release and gift money to my 5 children now as it would save a massive amount of inheritance tax.

nationwide interest only lifetime mortgage

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of its term and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home and the rate was close to what I paid before.

mr-g nationwide equity release scheme

Mr G from Kent

I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

lifetime mortgage nationwide

Mr Williamson from Chiswick

My son is a chef in a care home. He is not well paid. No way his bank would lend him the money to buy a flat. My equity release enabled him to put a substantial deposit down so his mortgage was very small. My equity release interest rate was close to his interest rate offered by his bank.

lifetime mortgages nationwide

Ms G from Dover

I divorced my husband who was a violent alcoholic. I really feared losing my home as I sometimes look after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my home.

nationwide valuation fee

Mrs E from London

I was advised to get equity release from my East London home to minimise inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
  • About You

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house prices and affordability for equity release nationwide


insurance customers
nationwide equity release scheme

What percentage can be released without mortgage payments – Equity Release Nationwide?

  • 60% interest-only flexible max plus Zurich
  • 45% loan to value (LTV) lump sum Nationwide Lifetime Mortgage
  • 25% LTV monthly payment equity release Central Trust
  • 40% loan to value monthly payment interest payments LV retirement capital
  • 30% loan to value interest-only lifetime mortgages HSBC Direct

pension dependency clause information - credit card
Drawbacks of Home Reversion Schemes – Nationwide Building Society Equity Release a better option?

Lumpsum lifetime mortgages can reduce the value of your estate. A monthly payment lifetime mortgage may impact the ability to claim entitlements. You may need to pay a valuation fee and some products expose you to changes in interest rates.  An equity release calculator can help you work out what money you can release with your pension income and work out your tax position.  You can use a later life mortgage or a couple of life mortgage consultants to help work out your credit commitments and the impact on your pension income.

Common areas for equity release include isle of man, Scilly isles, channel islands and Northern Ireland, all places controlled by the financial conduct authority.

Available to existing mortgage customers and new account holders with any providers name or registration number.  You can use the loan amount to pay off a credit card with a high-interest rate, as long as the product fees are no prohibitory or family members are not able to help out. Always consider the prudential regulation authority, insurance information and repayment charges.

life mortgage consultants - nationwide interest only lifetime mortgage

Business owners details likely with equity to release – equity release scheme

  • Other residential care activities n e c Southborough
  • Buying and selling of own real estate Church Stretton
  • Activities of agricultural holding companies Chesterfield
  • Manufacture of optical precision instruments Earl Shilton
  • Motion picture, television and other theatrical casting activities Longridge
  • Manufacture of homogenised food preparations and dietetic food Halewood
  • Manufacture of fibre cement Newport Pagnell
  • Manufacture of metal structures and parts of structures Dukinfield
  • Manufacture of industrial gases Sutton – bank holidays
  • Manufacture of builders ware of plastic Kirkby Stephen
  • Production of motorcycles Middlewich – tax free
  • Retail sale of hearing aids Battle and life insurance policies
  • Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores Sandown
  • Wholesale of coffee, tea, cocoa and spices Glastonbury – investment customers
  • Manufacture of consumer electronics Ashton-under-Lyne
  • Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials Bridport
  • Manufacture of communication equipment other than the telegraph, and telephone apparatus and equipment Corringham
  • Cargo handling for land transport activities Kesgrave

later life mortgage

Nationwide Lifetime Mortgage

It is common to find individuals seeking out lump sum lifetime mortgages, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Age Partnership like equity release nationwide are keen to see evidence of your situation in the form of bank statements.

legal advice - loans information

UK Lenders for Equity Release with the financial conduct authority including Nationwide Building Society Equity Release

  • More2Life and Nationwide Building Society Equity Release
  • Step Change
  • Key Retirement
  • Zurich
  • Nationwide Building Society Equity Release

Nationwide Building Society Equity Release – likely mortgage holders

Some of the best terms and lowest rates can be offered by the Nationwide Building Society as the risk in the UK property market is considered very low.

  • Bridgewater Lifetime Mortgage
  • Just Retirement Interest Only Lifetime Mortgage
  • L&G Legal & General Flexible Max Plus
  • Nationwide Equity Release Plans
  • nationwide retirement interest only mortgage
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • L&G Legal & General Flexible Max Scheme
  • Pure Retirement Classic Drawdown Lite Plan – loan customers
  • Stonehaven Equity Release Plan
  • TSB Equity Release- borrowers
  • Saga home reversion plan
  • Absolute Retirement Drawdown Plan
  • Lloyds Bank Lifetime Mortgage
  • Saga Lifetime Mortgage
  • Nationwide Lifetime Mortgage plans
  • L&G Legal & General Flexible Max Plus
  • More to Life Flexi Choice Drawdown Lite Plan
  • Pure Retirement and equity release nationwide
  • TSB Equity Release
  • Royal Bank of Scotland Interest Only Lifetime Mortgage

nationwide mortgage

Towns in the UK where retirement mortgages and equity release schemes are routine

  • Ludgershall
  • Bollington
  • Kirkby Lonsdale
  • Chipping Campden
  • Grange-over-Sands
  • Eastleigh
  • Snodland
  • Padstow
  • Staveley
  • Darley Dale
  • Corringham
  • Bruton
  • Newent
  • Tring
  • Haslingden
  • Fakenham
  • Market Weighton
  • Hexham

Are Nationwide equity release rates the lowest in the marketplace?

For people with certain personal circumstances, they are among the most competitive, yes. Using a lifetime mortgage nationwide could be very cost-effective.

For plans that require a monthly payment, your income details and ability to pay for home maintenance may be important, but you won’t be required to do internet banking.

Just Mortgages
Nationwide Equity Release Advice

Nationwide Equity Release Best Deals

Equity Release Loan To Value and state benefits potential impacts – Nationwide Lifetime Mortgage

The more elderly you are and the more serious your illnesses you are, the more money you can release.

The 1st and 2nd charge lender will want to know if the property is a Freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier.

Nationwide may be able to offer you some very low rate equity release options and lifetime mortgage nationwide.

Second-home mortgage nationwide and Nationwide Lifetime Mortgage offerings

Nationwide Head Office address – Swindon
Nationwide Building Society
Nationwide House
Pipers Way
SN38 1NW

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

Portman House Bournemouth Administration Centre
Richmond Hill

Nationwide Building Society Product name: Borrowing in Later Life Capital repayment or interest-only? Both available. Minimum/Maximum property value: none. Minimum/Maximum loan sum: £1,000/£500,000. Maximum LTV: 50%. Minimum/Maximum age at application: 55/85.

Minimum income: none, though you’ll need to be able to prove you can afford the interest payments. Overpayments: allowed, subject to early repayment charges, which reduce over time.

Exact charges are aligned to Nationwide’s prime mortgage range, which varies from 0-7%. How is the loan repaid? Interest-only option repaid when you die or move into care and the property is sold. Capital repayment mortgages will have been repaid by the end of the term. Either can be paid off early through overpayments.