Nationwide Equity Release (Dec 2021)

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 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. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.

Learn More: What’s Equity Release?

How Does Equity Release Work?

Equity release is available for individuals or couples over the age of 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.

Learn More: How Does Equity Release Work?

We’ve summed up the most important information about the topic in this quick video.

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

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. They care about their customers and will forward you to the relevant department. The alternative is to use a review site such as Trustpilot or Feefo and leave a review and they’ll quickly reach out to you to assist.

Are Nationwide Equity Release Any Good?

PROS

  • You maintain full ownership of your property and potentially benefit from future price growth.
  • You can make early repayments worth up to 10% of the original advance per year, with no early repayment charge.
    £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
  • Lifetime mortgages are regulated by the FCA, and you’ll need to hire a financial adviser to help you get one.
  • Although your interest adds up pretty quickly, these mortgages come with a “no negative equity” guarantee, so you’ll never owe more than the total value of your property.

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's Equity Release Plans & Lifetime Mortgage Schemes

Are you looking for a specific equity release scheme? These are some of the schemes offered or covered by Nationwide.
  • 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!

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.

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 it’s families and friends, are members. Nationwide has millions of members and is working to establish a better society across the country. And it’s that basic distinction that separates the two.

At Nationwide, it is primarily concerned with providing exceptional service to its members. You may also make use of the company’s member benefits, which include savings accounts, loans, investments, credit cards, house insurance, and financial protection.

Nationwide serves the whole market in terms of goods as an independent equity release counselling firm. It ensures you get the greatest equity release interest rates, bonuses, and cashback alternatives, among other things!

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? Check These First

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?

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

Conclusion

If you’re anything like us, you skipped to the end anyway.

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

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.

nationwide
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