Nationwide Equity Release (Jan 2022)

Nationwide Lifetime Mortgage Review

Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui

Are You Considering Nationwide Equity Release? What are the Pros, Cons & Costs? Discover If Nationwide Lifetime Mortgage Schemes are for You.

Before You Start Reading...

Let's See How Much You Can Release 👇

 

Equity Release Calculator

Value of Your Home?

50000

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🔒 100% Secure & Fast. Takes Just 8 Seconds.

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Nationwide Review

I think you’ll agree with me when I say:

It’s REALLY hard to choose who is the best company for equity release all the choices available.

Or is it?

Is Nationwide equity release the best?

The companies we profile, are the best in the business to help you unlock the cash tied into your home.

We’re here to help you:
Let’s find out NOW!

As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.

Is Nationwide the ideal equity release loan company to assist you and your family?

What’s Equity Release?

An equity release mortgage (See What’s Equity Release?) is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care.  We’ve summed up the most important information about the topic in this quick video.

Who Are Nationwide?

With more than 15 million members, the Nationwide Building Society is the world’s biggest building society and 1 the seventh-biggest cooperative financial institution. Swindon, England, is home to its headquarters.

What About the Nationwide Equity Release Calculator?

Before you consider using the Nationwide calculator, please take note.

Our providers can almost always match & BEAT any existing equity release quote that you find through Nationwide. So first use this calculator below & see how much you can release.

How Much Can You Release?

Use the FREE Calculator 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

timer

It's VERY FAST and, takes just 8 seconds

Why Consider Nationwide?

Nationwide Building Society is an established equity release brand and is considered one of the best equity release providers in the UK.

Their awards include:

The 2021 Moneyfacts Consumer Award

Nationwide Reviews & Ratings

Nationwide Equity Release Complaints

If you’re unhappy with Nationwide and would like to make a complaint then the best way to do this is reach out directly on their website. The alternative is to use a review site such as Trustpilot or Feefo and leave a review and they’ll respond timeously.

 

Nationwide Pros & Cons

Nationwide Pros

  • Retain 100% property ownership.
  • Pay up to 10% of your loan annually
  • £1,000 cashback paid once your mortgage application is finalised.
  • One of the UK’s largest high street lenders.
  • No advice, valuation, or product fees
  • FCA regulated.
  • No negative equity guarantee

Nationwide Cons

  • Nationwide doesn’t offer as much flexibility as other lenders, which allow customers to make extra withdrawals whenever they please.
  • The early repayment rules are stricter than those offered by other lenders.
  • Interest can compound quickly, leaving little for your heirs after you die.

Learn More: How Much Can You Release? Use the Equity Release Mortgage Calculator!

Editor’s Rating: 4.80

Nationwide Qualification Criteria

  • Minimum Amount of Equity Offered: £10,000
  • Maximum Amount of Equity Offered: £1 million (£515,000 for Wales & Scotland)
  • Minimum Age Limit: 55 years
  • Maximum Age Limit: 84 years (94 if you already have a Nationwide mortgage.
  • Property Minimum Value: £70,000
  • Property Types: Can’t be a Grade 1 or 2 listered property or sheltered accommodation. Nor can it be next to, above or opposite commercial premises.

 

nationwide

Nationwide's Equity Release Plans & Lifetime Mortgage Schemes

Nationwide’s Scheme Features

  • Interest Rates Offered: The figure will be based on a risk assessment.
  • Customer Review Ratings: A+

Special Features

  • The Equity Release Council’s ‘no negative equity guarantee’.
  • No fees.
  • Free specialist mortgage advice.
  • Should you wish to, you can pay up back up to 10% of your loan yearly.
  • The flexibility to borrow more in the future.
Are you looking for a specific equity release scheme? These are some of the schemes offered or covered by Nationwide.
Product Name Type Interest Rate The interest rate is the cost of borrowing the principal. APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan.
Product Name Type Interest Rate The interest rate is the cost of borrowing the principal. APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan.
  • No Schemes Listed Yet

Not what you're looking for?

Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare the equity release rates!

Nationwide is a building society that is owned by and operated for the benefit of its members. (If you bank, save, or have a mortgage with them, you’re a member.) Many of the Society’s employees, as well as its families and friends, are members. Nationwide has millions of members and is working to establish a better society across the country.

FCA Address

Nationwide House
Pipers Way
Swindon
Wiltshire
SN38 1NWS N 3 8 1 N W
UNITED KINGDOM

Trading Names

  • Nationwide for business
  • Nationwide International
  • Nationwide Financial Solutions
  • The Derbyshire
  • Dunfermline Building Society
  • Dunfermline Direct
  • Cheshire Building Society
  • Derbyshire Building Society
  • Derbyshire Direct
  • Nationwide UK (Ireland)
  • Nationwide for Business
  • Nationwide International
  • KPR Debt Collection
  • Salt Commercial

FCA Permitted Services

  • Banking
  • Insurance
  • Mortgages & Home Finance
  • Consumer Credit
  • Pensions
  • Investments

Regulators

  • Financial Conduct Authority
  • Financial Services Authority

Registration Numbers

  • FCA Ref Number: 106078
  • FCA Reg Number: 0000355B
FCA Link: FCA Link

Nationwide Info

Got Questions About Nationwide & Lifetime Mortgages?

Is Nationwide A Member of the Equity Release Council?

What Are Nationwide's Interest Rates on Equity Release?

Who Owns Nationwide?

Where is Nationwide Located?

Conclusion

So here’s the scoop – our intention is to help you by finding the best Nationwide lifetime mortgage so that you can spend the money on something that you really want, rather than on a high tax bill.

Before You Go...

Let's See How Much You Can Release 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

As Featured In
yahoofinance marketwatch

Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
john lawson profile.jpg

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.
francis

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.
nicola

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

See How Much You Can Release 👇

Use the QUICK form below.

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

As Featured In
yahoofinance marketwatch