Your mortgage is secured on your home, which you could lose if you do not keep up your mortgage payments. Closed Sundays and bank holidays. Hi all I am looking to release equity from my property by drawing additional borrowings from my mortgagee, Nationwide.The property is worth approx. seeing if you can get a local authority grant. Learn more below. The process was smooth and the advice we received was well documented. You may need to pay a solicitor’s fee and you could be exposed to changes in interest rates with some products. Not necessary to make regular monthly payments unless you prefer to pay interest only. Nationwide has around 15 million members. Lifetime mortgages come with added flexibility of repayments, drawdown facilities and more! Nationwide Building Society Equity Release – likely mortgage holders. The equity release product provider will manage the set-up and ongoing customer servicing of Nationwide equity release customers, with the building society advising on products through its specialist team of later life mortgage consultants. A typical equity release mortgage, taken out at age 6 might give . Learn about how each equity release schemes works and which is best for your needs. On this site we will explain what equity release is, They could give you support or suggest other ways to raise the money you need. Our Later Life range of mortgages have no valuation, product or advice fees. Types of equity release schemes for existing mortgage holders If you can afford a monthly payment, you could consider a secured loan or Interest-only lifetime mortgage. NationwideEquityRelease website is a trading style of Equity Release Supermarket who are authorised and regulated by the Financial Conduct Authority. You’ll need to be able to afford the repayments on a monthly basis. Equity Release is a mortgage product for homeowners over the age of 55. Nationwide has entered the equity release market with the launch a lifetime mortgage product to "address the needs of an ageing population". While interest rates are relatively lower, nationally you will have to pay tax on your loan. Their case tracking facility allowed us to view our documents, case stages and adviser information at any point. Tag Archives: nationwide equity release. The maximum loan amount depends on your age and how much your property is worth. London SW15 2PG. Nationwide offers a lifetime mortgage for those who are looking to release equity from their home. I live in an area where house prices are going up nicely so keeping 100% ownership of my own home is wise. However, they are less flexible in terms of features than lifetime mortgages. House problems are common causes of releasing equity. Seek equity release advice from the best experts in the sector. Saturday 8:30am to 4pm. You can confirm our registration on the FCA's website ( WA3 7BH Registered in England & … Because of the size of the Nationwide, we have the economies of scale to offer the best rates for home equity release. This site uses cookies and by using the site you are consenting to this. You are here: Home - Posts tagged 'nationwide equity release' Tag Result: nationwide equity release. John has 22 years of experience in financial services. Information: Speak to one of our later life mortgage consultants on 0800 146 100 (Monday to Friday 9am to 5pm. Find out more about borrowing in later life. Bridgewater Lifetime Mortgage. Here’s what Jason Hurwood, Nationwide’s Director of Home Propositions, said: Find out why we use cookies and how to manage your settings. 329-339 Putney Bridge Road. Seeking a mortgage in retirement can be very difficult since statistics show lenders are declining more and more pensioners from receiving one. I would recommend this company. - Select this to show/hide the search box, menu - reveals log in & registration links for Internet Banking, - Select this link to expand/collapse product menu choices, Register to attend the Mortgages for Later Life event, an existing Nationwide mortgage holder aged 55 to 94, or, a non-Nationwide mortgage holder, aged 55 to 84. applying for a mortgage on your main residence only. The main part of the loan (capital) is usually only paid off when the last borrower moves into long term care or dies and you only have to prove you can afford the monthly interest payments. Nationwide Head Office address – Swindon Nationwide Building Society Nationwide House Pipers Way Swindon SN38 1NW GPS/Geographical Post Code Only: SN3 1TA Nationwide Equity Release Reviewed by Experts. applying for a personal loan or credit card. Advice can be provided face-to-face, over the phone, via email, or alternatively via live chat support. Closed Sundays and bank holidays). Nationwide Equity Release can be a very low-cost way of raising money against your home. In contrast, regional equity release will allow you to borrow a smaller amount, but the interest rate is usually higher. Use the cash for anything you like. More about equity release with Nationwide Equity Release allows you to access the cash (or equity) that is tied up in your home tax-free without needing to move from the property or downsize. Estimated Value Of Your Property? Monthly payment equity release can reduce the value of your estate. Saturday 8.30am to 4pm. However much you've saved and prepared for retirement, you might not have quite enough for all the things you planned to do. The loan is usually repaid when the last borrower moves into long term care or dies and your home is sold, More about equity release with Nationwide. ", "Releasing equity from our home with Aviva has allowed us to help our daughter purchase her own house. Get started by understanding how much money you can release from your property! Below we have highlighted the most popular reasons that our clients release money. NationwideEquityRelease website is a trading style of Equity Release Supermarket who are authorised and regulated by the Financial Conduct Authority. I was able to pay off my mortgage. Equity release is, in a nutshell, a way to unlock the value of your property and turn it into cash which lets you access – or 'release' – the equity (cash) tied up in your home, if you're 55+. FCA no 584063. 1.98% MER Nationwide Equity Release Schemes. Nationwide is the world’s largest building society as well as a top-three provider of savings and mortgages in the UK. "We can't express our gratitude towards George (our equity release adviser) highly enough.