Discover Nationwide's suite of equity release products, services and calculators. If you'd like us to call you about our later life mortgages. Registered Office: Genesis Centre, Science Park South, Birchwood, Cheshire. An equity release calculator enables you to determine how much money you can release from your home. To understand the features and risks of equity release schemes please ask for a personalised illustration. The plans we recommend have a no negative equity guarantee, so … WA3 7BH Registered in England & Wales. Based on the information supplied, you could release the amount you specified: This is an estimate of the amount you may be able to release. Latest news December 2020: Equity release interest rates are at their lowest ever & will be fixed for the rest of your life - LATEST OFFER 2.22% AER through Age Partnership when you use our calculator Best quote guaranteed or receive £500. By submitting this form you consent to us calling you to discuss how our later life mortgages may work for you. This lifetime mortgage calculator is a great tool for those looking to firstly understand whether equity release can raise enough money for their need(s). There may be cheaper ways to borrow money. That means you could receive a monthly income of up to for . Is Nationwide Building Society equity release safe? You can also provide your email address if you'd like to opt in to receiving emails about our products and services. You can only buy a lifetime mortgage through a financial adviser. You can opt out of marketing at any time by emailing lgrroptout@landg.com. You can stay in your own home and you will never owe more than it's sold for (subject to terms and conditions). However, you don’t have to make monthly payments, unless you choose to. Taking a lifetime mortgage could affect your eligibility for state benefits. Allowing you to understand your maximum release and schemes available. You can't take out an equity release product unless you have taken financial advice. We'll ask you to register your details to show you the calculation, then give you a call. We'll be in touch shortly if we haven't already called. Our phone number is 0 8 0 0 1 3 8 1 1 1 1. Depending on your personal and financial criteria, the calculator will provide you with maximum release figures for; lifetime mortgages, interest only lifetime mortgages and ill-health lifetime mortgages. You can continue your journey by choosing to personalise your lifetime mortgage below. I live in an area where house prices are going up nicely so keeping 100% ownership of my own home is wise. Nationwide Equity Release can be a very low-cost way of raising money against your home. If you need a regular income, after an initial lump sum, take a look at this option. It is the only major, high street mortgage lender to offer a product of this kind in the equity release market. If you're close to 55, you may feel like you're in a position where you can wait until then. There's more than one way to release your money with one of our Lifetime Mortgages. Find out how much equity you could release with our Lifetime Mortgage Calculator. The type of equity release we offer is called a lifetime mortgage. Equity release is only available to those aged 55 and over. In the meantime, consider these products. However if you use a screen reader and require debt advice you may find it easier to phone us instead. Entering into a lifetime mortgage or any kind of equity release may reduce the amount of inheritance you can leave for loved ones. To discuss our Lifetime Mortgages, a loan secured against your home, and if they're right for you. 0800 028 2855 support@nationwideequityrelease.com Mon - Sun: 08:00 - 20:00 Home; Schemes. So here’s the scoop – our intention is to help you by finding the best equity release provider so that you can spend the money on something that you really want to, rather than on a high tax bill. If you're a homeowner over the age of 55, then you could unlock tax free cash today. I'd like to take an additional lump sum of. Free, unbiased and trusted advice. Take a look at their consumer brochure for more details. If you'd like to take a lump sum, or a series of smaller lump sums, without having to make interest payments, take a closer look at this option. Depending on your personal and financial criteria, the calculator will provide you with maximum release figures for; lifetime mortgages, interest only lifetime mortgages and ill-health lifetime mortgages. Schemes, Calculators, Independent Advice. There's an option to pay the interest off as you go. An equity release calculator is a great tool to use if you are over 55 and considering releasing equity from your home without having to sell or move out. NationwideEquityRelease website is a trading style of Equity Release Supermarket who are authorised and regulated by the Financial Conduct Authority. You can opt out of marketing at any time by emailing LGFAoptout@landg.com. Lifetime mortgages are regulated by the FCA, and … As a reminder – equity release is a way of turning some of the value from your home into tax-free cash. Our independent specialist advisers will explain. Retirement migration hotspots, Why you should be holidaying in the UK this Autumn, Why autumn is a good time to recharge and renew, If you want a joint lifetime mortgage use the age of the youngest applicant, Once you have your result you can keep using the calculator to see the different ways you could release the money. More2Life; Step Change; Key Retirement; Zurich; Nationwide Building Society Equity Release – likely mortgage holders. This is particularly a concern in areas where prices aren’t growing much. We'll never share your details with third parties for their own marketing purposes. The amount you can release depends on your property and your individual circumstances. PS – If you’re anything like us, you skipped to the end anyway. If you'd prefer to take a lump sum, or a series of lump sums, and pay off some or all of the interest, this could be right for you. Or, if you'd like to have an income paid for a fixed term rather than a lump sum, take a closer look at our Income Lifetime Mortgage. It is also a major provider of current accounts, credit cards, ISAs and personal loans. This means the amount you owe will increase quickly over time. A lifetime mortgage will reduce an inheritance and may affect your entitlement to means-tested benefits. Simply choose your age, property type and estimated property value. We offer UK whole of market advice with no upfront fee and without obligation. Lifetime Mortgage Calculator – find out more about equity release. Equity Release for older borrowers with no monthly repayments was exactly what I wanted, and the interest rate was very low. Buildings Insurance – An equity release lender will require a copy of your buildings insurance during the equity release application process. How to use this calculator. So, the amount you owe can increase quickly over time. This calculator helps you see how much equity you could release with a lifetime mortgage, a loan secured against your home. The option to take lump sums in the future is not guaranteed and will depend on whether you're still eligible to borrow more money. You may have cheaper ways to borrow money. Interest is charged on the loan, plus any interest already added. Equity release calculator. By submitting your phone number you consent to us calling you to discuss how our later life mortgage options may work for you. We'll never share your details with third parties for their own marketing purposes. Interest is charged on the loan plus any interest already added. To be eligible for a lifetime mortgage: If you'd like to discuss whether a lifetime mortgage is right for you, call one of our specialists on 0808 301 70440808 301 7044. Income periods of between 10 - 25 years are available to meet your retirement income needs. Equity Release Calculator. ⚠️ The information you've provided means that you don't meet the minimum eligibility criteria for the Income Lifetime Mortgage. UK Lenders for Equity Release with the financial conduct authority. Details of how we process your information can be found in our privacy policy. We’ve compared equity release providers below to help borrowers decide if they prefer to use a high street name or a specialist lender. This is an estimate of the amount you may be able to release. Please consider another option. Find out the maximum monthly income you could receive on this special type of lifetime mortgage. Company number 6553466. You can receive the money as one lump sum or as a series of smaller amounts over time to suit you, You could get a fixed monthly income for a set period of up to 25 years. Though you've chosen a regular income, you have to take an initial lump sum of at least £2,500. Nationwide is the world’s largest building society as well as a top-three provider of savings and mortgages in the UK. Interest charges are often quite high, meaning the final amount owing could be huge – in some cases, large enough to wipe out any remaining equity in the home. The loan is usually repaid when the last borrower moves into long term care or dies and your home is sold. 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