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Nationwide pensioner mortgage – pay just interest or capital and interest – offer for 2021

nationwide-pensioner-mortgage

  • Release equity from your house
  • You don’t need to make regular monthly payments
  • Use the cash for anything you like
  • Free valuation
  • No fees
  • Still, have a few more mortgages payments to make? We can help with that
  • Continue to live in your own house

How much money can I borrow?

You can release 70% of your home’s valuation. For example, if your home is worth £220000 you can release £154000.

  • Your Requirements

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

 

Homeowner in their 60s

Cash tied up in home

London House Finance

Raise money with your home

Home equity Tied Up

 

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

  • Your Requirements

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

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

 

 

Homeowner in their 60s

Cash tied up in home

London House Finance

Raise money with your home

Challenging to finance property titles include flats of less than 30 square metres in any location, properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties without direct access to an adopted highway or which are accessed over an unmade road, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.

 

Home equity Tied Up
https://www.nationwide.co.uk/

Its usual to discover individuals looking for lumpsum lifetime mortgages, lump sum life time mortgages or monthly payment equity release, however, Just Retirement like Aegon are keen to see proof of your personal situation in the form of bank statements.

Equity Release percentages of your current property value

  • 50% home reversion schemes Zurich
  • 30% loan to value (LTV) monthly payment lifetime mortgage Chorley Building Society
  • 50% loan to value (LTV) home reversion plans Key Retirement
  • 45% loan to value (LTV) monthly payment lifetime mortgage Blemain
  • 25% loan to value lifetime mortgage with flexible drawdown cash release First Trust Bank

 

  • Aviva Flexible Voluntary Repayment Plan
  • More 2 Life Flexi Choice Voluntary Payment Super Lite
  • Bridgewater Equity Release Schemes
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • TSB Equity Release Plans
  • Aviva Lifestyle Flexible Option
  • L&G Legal & General Flexi Max Voluntary Repayment Plan
  • More to Life Tailored Choice Plan
  • Pure Retirement Classic Voluntary Payment Super Lite
  • Saga home reversion plan
  • Age Partnership Lifetime Mortgage
  • Hodge Lifetime Mortgage Plus
  • Lloyds Bank Equity Release Schemes
  • NatWest Lifetime Mortgage
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • More to Life Flexi Choice Drawdown Lite Plan
  • Pure Retirement Classic Voluntary Payment Super Lite
  • HSBC Equity Release
  • Royal Bank of Scotland Interest Only Lifetime Mortgage

Hodge Lifetime Mortgages

One Family Lifetime Mortgages

Canada Life

Crown Retirement Mortgages

Just Equity Release

Lloyds Bank Interest Only Lifetime Mortgage Broker

 

Equity Release LTV Percentages

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

Equity Release Scheme Lenders

  • Lifetime Mortgage from L&G
  • Crown
  • Lifetime Mortgage from L&G
  • LV equity release

 

Retired business owners that may be interested in lifetime mortgages

  • Manufacture of other ceramic products n e c Brierfield
  • Raising of other cattle and buffaloes Bawtry
  • Agents involved in the sale of machinery, industrial equipment, ships and aircraft Ilkeston
  • Other retail sale in non-specialised stores Walsall
  • Manufacture of other non-distilled fermented beverages Bishops Stortford
  • Renting and leasing of other machinery, equipment and tangible goods n e c Brough
  • Retail sale of carpets, rugs, wall and floor coverings in specialised stores Todmorden
  • Other food services Havant
  • Other software publishing Sutton
  • Cold drawing of bars Thorpe St Andrew
  • Trade of electricity Wembley
  • Manufacture of non-electronic industrial process control equipment Fleet
  • Sawmilling and planing of wood Manningtree
  • Administration of financial markets Beaminster
  • Gathering of wild growing non-wood products West Tilbury
  • Other service activities n e c Rochford
  • Renting and leasing of passenger water transport equipment Arlesey
  • Manufacture of lime and plaster Rawtenstall

 

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

Disadvantages of Equity Release Schemes

A monthly payment lifetime mortgage can reduce the inheritance for your family. Lifetime mortgage with flexible drawdown cash release may impact the ability to claim entitlements. You may need to pay a valuation fee and you could be exposed to changes in interest rates with some products.

Do Nationwide do Equity Release?

Yes, Nationwide Equity Release is 2.16% MER.

Legal & General - Flexible Yellow

Difficult to mortgage home types can include timber framed properties built before 1920, properties with any externally applied insulation to the walls after construction, studio flats located within the M25, coach houses i.e. freehold properties with garages beneath and basement or lower ground floor flats without level access to private or communal garden space.

Pure Retirement - Classic Super Lite

Do Nationwide do Pensioner Mortgages?

Yes, Nationwide Pensioner Mortgages are 2% MER.

Hard to finance property variants can include properties currently undergoing substantial alterations, extensions or repairs, properties where letting arrangement where the tenancy agreement is not appropriate, right to buy – properties in England, Wales and Northern Ireland, leasehold properties (with the exception of flats and maisonettes) and properties with leased solar panels.

Pure Retirement - Classic Lite

Does Nationwide offer Retirement Mortgages?

Yes, Nationwide Retirement Mortgages are 2.08% MER.

Popular loan to values of Standard Chartered interest only mortgages for over 70s, Shepherds Friendly later life interest only mortgages over 60, Churchill lifetime mortgages for over 55s, Coventry Building Society interest only mortgages for over 65 year olds, Newcastle Building Society retirement mortgages over 60 and Cumberland Building Society later life interest only mortgages over 60 are 50%, 55% and 65%.

Aviva lifetime mortgage

Some of the most common LTV ratios of LV= RIO mortgages over 75, More 2 Life interest only mortgages for over 60s, One Family lifetime mortgages for over 55s, YBS remortgages for people over 50 years old, Royal London over 60 lifetime mortgages and Sun Life interest only mortgages for over 60s near London are 35%, 55% and 65%.

Lloyds Bank Interest Only Lifetime Mortgage Reviews

Some of the most popular LTV percentages of TSB interest only mortgages for people over 70, Barclays Bank later life mortgages for over 70s, Natwest mortgages for people over 50, L&G pensioner mortgages over 70s, Bank of Scotland mortgages for over 50 year olds and Nationwide BS later life mortgages for over 70s are 45%, 55% and 65%.

Does Nationwide offer Equity Release Under 55?

Yes, Nationwide Equity Release Under 55 is 1.97% MER.

Areas in the UK where retirement mortgages are routine

  • Wolverton and Greenleys
  • Woodstock
  • Sandwich
  • Hayes
  • Dukinfield
  • Ilford
  • Lechlade
  • Winslow
  • Letchworth Garden City
  • St Blaise
  • Torquay
  • Blackwater and Hawley

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

Appealing pensioner finance products are TSB over 60 mortgages, HSBC mortgages for people over 50, Halifax interest only mortgages for people over 70, Legal and General retirement mortgages and Nationwide pensioner mortgages.

Do Nationwide do Lifetime Mortgages?

Yes, Nationwide do lifetime mortgages at 2.03% APRC. Nationwide Lifetime Mortgages have a loan to value (ltv) of 55%.