Nationwide was one of the few UK banks that offered equity release. Alas, this is no longer the case. Nationwide thus does not offer a lifetime mortgage. Only existing Nationwide equity release customers can switch plans or even release additional equity on their existing plan. Nationwide may refer you to an equity release lender.
These lenders are typically insurance companies, and there are many such organisations. It can thus be difficult to find the plan that’s most suitable for your needs, as selecting one particular deal may mean you miss out on another that has better terms for your circumstances.
This is why we generally don’t recommend that you don’t apply for equity release through the various lenders yourself. Instead, you can utilise the services through an independent financial advisor. The initial advice is free, and if you wish to go ahead with your application, all you will pay is a one-off advice fee, which is typically between £900-£1500.
Complete the equity release calculator below to find out how much you can receive. This is particularly helpful if you wish to use the equity release funds to pay off an interest-only mortgage.
Use the equity release calculator below to discover how much money you could release from your home, for anything from bills to the purchase of a second home or a holiday home. Once you have received the estimate from our lifetime mortgage calculator, contact us for financial advice relating to equity release, and we will inform you of the further details that may affect your decision such as interest rates, receiving a lump sum vs regular instalments, and the repayment requirements.
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