Retirement Home Finance Options

Equity Release and Lifetime Mortgages

Natwest Equity Release

Home finance without monthly payments – Lifetime mortgages

If you can’t afford or don’t want to make a monthly payment, you should consider a lifetime mortgage or equity release.

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Pensioner Products Where You Make a Monthly Payment

Interest Only Lifetime Mortgages

These fixed-rate products last the rest of your life, and you make a monthly payment just for the interest.

Retirement Mortgages

These products are where you pay the interest and some of the principal in the monthly repayments.

Does Natwest offer retirement remortgages for over 80s?

A Natwest retirement remortgage for people over 80 is 3.52% AER fixed for life.

Does Natwest do pensioner remortgages for the over 80s?

Yes, a Natwest pensioner remortgage for retired homeowners over 80 is 3.1% MER fixed.

Does Natwest do a later-life remortgage for people over 80?

Yes, Natwest later life remortgages for over 80s are 3.57% APRC variable.

Does Natwest have the best remortgages for people in their 80s?

Yes, a Natwest, the best remortgage for retired people over 80 is 3.96% MER fixed.

Does Natwest have remortgaging options for people in their 80s?

Yes, a Natwest remortgaging option for retired homeowners over 80 is 3.51% AER fixed.

Does Natwest offer mortgage calculators for over 80s?

Yes, a Natwest mortgage calculator for retired homeowners over 80 will show a 3.24% MER fixed for life.

Does Natwest offer an RIO mortgage for people in their 80s?

Natwest RIO mortgages over 80 are 3.44% MER fixed for life.

Does Natwest offer a retirement interest-only mortgage for those in their 80s?

Yes, Natwest retirement interest-only mortgages over 80 are 3.09% APRC fixed for life.

Interest Only Retirement Mortgages (RIO)

These are like interest-only mortgages you may have had earlier in your life back in say 2004.  A retirement interest only mortgage can be ideal for many pensioners.

Interest Only Mortgages For Over 70s

There are some outstanding Mortgages For Over 70s from Natwest Bank in 2024

Natwest Equity Release

Is equity release a good idea?

If you have a mortgage, you need to pay off, or you really need the money for another purpose, it can be an excellent idea.

What is the downside of equity release?

It can impact the size of your estate, and the roll-up interest can mount up.

How does equity release actually work?

It is a loan secured on your home. There are no monthly payments. The interest payments are added to the loan. An alternative to equity release is moving into a smaller cheaper home.

What is the catch with equity release?

Compound interest can mount up significantly, and you might be better off with a retirement mortgage in which you pay the interest each month.

What is equity release?

It is a loan secured on your home with no monthly repayments. The loan is repaid with the money raised from the sale of your home when you die or go into long-term care.

How does a RIO mortgage work?

It is an interest-only mortgage very similar to a standard interest-only mortgage. You need to prove affordability so the lender can be sure they will get the monthly repayments

How does a lifetime mortgage work?

A lifetime mortgage is a loan secured on your home. The loan has no monthly repayments. Some people prefer to remortgaging to release equity and make a monthly payment.

What are the different types of lifetime mortgages?

This is one of the common equity release questions, some lifetime mortgages have monthly payments, and some do not. Equity release Nationwide is very popular as the equity release costs are very low.