- Remove tax-free equity from your house with retirement interest only mortgages Nationwide
- You don’t need to be an existing Nationwide Building Society account holder.
- No early repayment charges
- No arrangement fees
- Use the money to buy another property
- Still, have some mortgage outstanding? No problems
- Continue to live in your own home.
- Just pay interest on the money you borrow
How much can I borrow in 2025?
You can get 65% of your home’s valuation. For example, if your home is valued at £280,000, you can release £182,000.
Reviews of Products with the best Rio mortgage rates
Mr Shaw from Bradford
I thought I would have to sell my home to repay my mortgage, as the bank wanted their money back. With the money left, I could only afford a flat, and I would have been further away from my daughter and her children. Downsizing was a bad idea for me.
My lifetime mortgage was ideal for me as I had no monthly repayments, and I paid off my old mortgage. I saved the cost of moving to a new flat, which I would have paid to move to a place I did not want.
The no negative equity guarantee and equity release council assurances were fundamental to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.
Mr Haworth from Leeds
I am healthy and have a good income from my pensions for later life. I decided to release money from my unencumbered home with a retirement interest-only mortgage (RIO mortgage), so I could get a new kitchen and bathroom and give money to my children so they could move house and buy bigger homes.
I had no problems with a minimum or maximum age requirement or affordability. The interest rate was very low, like a prime conventional mortgage from a bank or building society. The monthly payment was tiny compared with the rest of my outgoings.
The whole process was authorised and regulated by the finance conduct authority.
Mrs Heart from Aberdeen
I was struggling to pay my mortgage and had no money left for emergencies at the end of the month, let alone saving for a holiday. I had investigated home reversion plans, but they did not appear to be the right solution. Equity Release for older borrowers with no monthly repayments was precisely what I wanted, and the interest rate was very low.
I was able to pay off my mortgage. I live in an area where house prices are going up nicely, so keeping 100% ownership of my own home is wise. I am confident that my house price appreciation will be much bigger than my roll-up interest.
Mrs Yardley from Sheffield
I had an old, tired car and an unreliable central heating system. Repair bills continually mounted, meaning I had less money on holidays and other lovely things. A friend said I should consider equity release, but I was put off by the horror stories of the roll-up/compounded interest destroying people’s homes.
When I did my homework, I found that equity release interest rates were meagre in 2025, and the negative press focused on people who had been ripped off with high rates in the past. Even if my house price only increased slightly, the roll-up interest would be covered.
The equity release enabled me to get a nice, 3-year-old car and a new boiler, so I was not wasting money on repairs all the time!
William from Birmingham
My son knew a guy who owned six pubs. Because of successive lockdowns due to covid 19 coronavirus, he had to make a quick sale on his holiday home in Cornwall.
My equity release money bought his flat at 35% under market value. Not only does my family have the shared use of a holiday home, but the rental income is also much more than the interest on the equity release.
Best retirement interest only mortgages
For this home, you can get the best mortgage rates Nationwide
Interest rates Nationwide are accessible for this home in London
Rio Mortgages involves monthly payments, and mortgage lenders will ask you to prove you can afford the monthly payments.
It is common for individuals to look for lifetime mortgages with flexible drawdown cash release, interest-only lifetime mortgages, or lump sum lifetime mortgages. However, Key Retirement, like Royal London Equity Release, is keen to see bank statements as proof of your situation.
Equity Release LTV and retirement interest only mortgages nationwide
The more elderly you are and the sicker you are, the more money you can release
Equity Release UK Providers similar to a Nationwide retirement interest only mortgage
- Key Retirement
- Saga
- Just Retirement
Nationwide Mortgages For Over 60s
Metro Bank Equity Release
Equity Release Yorkshire Building Society YBS
Yorkshire Bank Equity Release Scheme
YB-Yorkshire Bank Lifetime Mortgage
Legal & General Lifetime Mortgage
What percentage can be released?
- 50% monthly payment lifetime mortgage Zurich
- 35% loan to value lump sum lifetime mortgages – Saga
- 25% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Masthaven
- 30% loan to value home reversion plans Lloyds Bank and Nationwide RIO mortgage
- 55% Nationwide retirement interest only mortgage
The lender will want to know if the property is a Freehold terraced or Leasehold house and if the occupier is an Assured shorthold tenant. You should ensure your mortgage repayments are kept up to date.
UK Equity Release Scheme Lenders and Retirement Capital & Interest
It is common to encounter individuals searching for lump sum lifetime mortgages, monthly payment lifetime mortgages, or home reversion schemes. However, Just Retirement, like AIG Life, is eager to see evidence of your circumstances through pension statements.
- More to Life Capital Choice Plus Plan RIO with payments every month
- nationwide over 55 mortgage with 15 years loan term
- More to Life Flexi Choice Drawdown Lite Plan
- More to Life Capital Choice Plan interest only mortgages for pensioners
- Age Partnership Equity Release RIO – get a standard interest only mortgage
- Lifestyle Flexible Option pay interest each month or have a payment holiday
- Canada Life Equity Release Plans – repay the loan when you die or move into long term care
- More to Life Tailored Choice Plan – the mortgage could be at a rate under 3%
Retirement interest only mortgages Halifax
- More to Life Capital Choice Plus Plan pay the interest each month
- Lloyds Bank Equity Release is paid when you die or move into long term care
- nationwide interest only retirement mortgages – the property is sold when you die
- Royal Bank of Scotland Equity Release ideal for home improvements
- More to Life Flexi Choice Voluntary Payment Super Lite with monthly interest payments
- Bridgewater Lifetime Mortgage with flexible retirement age
- Pure Retirement Classic Drawdown Lite Plan for loved ones home purchase
- More to Life Tailored Choice Plan with no affordability checks
Retirement interest only mortgages calculator
- Lloyds Bank Equity Release with flexible pension income requirements
- NatWest Equity Release Plans with no early repayment charge
- Canada Life Second Home Voluntary Select Plan with no mortgage payments
- Hodge Lifetime Flexible Drawdown Plan interest-only mortgages for pensioners
Nationwide Rio mortgage offerings
- Stonehaven Interest Select Plan with interest roll up with flexible mortgage term
- HSBC Interest Only Lifetime Mortgage
- mortgages for pensioners nationwide, similar to the family building society
Drawbacks of Equity Release Schemes and Retirement Interest Only Mortgages Nationwide
Lump-sum lifetime mortgages can reduce the value of your estate. Home reversion plans may impact the ability to claim benefits. You may need to pay a solicitor’s fee, and you could be exposed to changes in interest rates with some products.
Benefits of Home Reversion Schemes and comparison with Nationwide Rio mortgage
It could help with tax planning, and interest rates on the money can be appealing. You could help a family member buy a home they couldn’t afford otherwise, or pay off your debts, such as loans and credit cards, so you have more monthly disposable income.
If you can afford a monthly payment, a Nationwide Rio mortgage could have a much lower rate and overall cost.
Nationwide interest only lifetime mortgage and a Nationwide over 55 mortgage offer
This home could be ideal for a Nationwide retirement interest-only mortgage.
Does Nationwide do Equity Release?
Yes, Nationwide Equity Release is 4.27% APRC.
Does Nationwide do Pensioner Mortgages?
Yes, Nationwide Pensioner Mortgages are 4.13% MER.
Does Nationwide offer Retirement Mortgages?
Yes, Nationwide Retirement Mortgages are 4.09% MER. A Nationwide retirement mortgage can represent a meagre overall cost in 2025. Retirement mortgage interest rates from the NW Building Society are some of the lowest rates around.
Does Nationwide offer Equity Release Under 55?
Yes, Nationwide Equity Release Under 55 is 1.93% MER. RIO mortgage rates can be very affordable. Nationwide later life mortgages are part of a newer range of lower-cost products.
Nationwide interest only mortgages home examples.
Property ideal for Nationwide interest only retirement mortgages
Nationwide retirement interest only mortgage related products
- Legal And General Equity Release Interest Rates
- Secured Loans Direct Lenders
- Prudential Lifetime Mortgage Buy To Let
- Sun Life Equity Release Schemes – Updated For May 2025
- Nationwide Equity Release Drawdown
- Mortgages For Over 60 UK 2025 – Updated For May 2025
- Age UK Equity Release
- Agepartnership.Co.UK
- Remortgage With Bad Credit Rating
- Secured Loan Direct Lender
- Key Retirement Solutions Equity Release From House – Updated For May 2025
- Lv Equity Release Mortgage
- What Is A Direct Lender Mortgage
- Prudential Equity Release Plans
- Just Retirement Equity Release Best Deals – Updated For May 2025
- Liverpool Victoria Lv= Lv Lifetime Mortgage Maximum Ltv
Does Nationwide offer Lifetime Mortgages?
Yes, Nationwide offers lifetime mortgages at 4.06% APRC. These mortgages can have a loan-to-value (ltv) of 55%. A Nationwide interest-only lifetime mortgage can have a meagre overall cost in 2025.
Rio mortgage rates can be very affordable. The NW Building Society is one of the significantly low-cost Rio mortgage providers for UK pensioners with good incomes. It’s ideal for retirement properties and typical later-life lending.
All mortgage borrowers are subject to a retirement income affordability assessment based on their state pension statement, annuity statement, or company pension forecast.
How does a Rio mortgage work?
With a nationwide Rio mortgage, it is very similar to an interest-only mortgage you may have had in the past.
What is the difference between Rio and a lifetime mortgage?
A lifetime mortgage has roll-up interest and no monthly repayments, while a Nationwide Rio mortgage has a monthly interest payment, so the interest does not add up over time.
Is a Rio a lifetime mortgage?
No, they are entirely different products, with one having monthly payments and the other not. You have to prove you can afford the monthly payments for an RIO product.
What does the Rio mortgage stand for?
Retirement Interest Only Mortgage.
How do RIO mortgages work?
You have your home valued, you collect your papers to show your income, you make an application, and then the funds are released to you.
How much can I borrow in 2025 with a RIO mortgage?
You can borrow up to 70% of the open market value of your home, subject to valuation.
Does Nationwide offer retirement remortgage for people over 70?
Nationwide Retirement remortgages for those over 70 are 4.73% APRC variable.
Does Nationwide offer pensioner remortgages for the over 70s?
A Nationwide pensioner remortgage for pensioners over 70 is a 4.56% MER variable.
Does Nationwide offer a later life remortgage to people over 70?
Yes, Nationwide later life remortgages for over 70s are 4.66% AER variable.
Does Nationwide have the best remortgages for people in their 70s?
The Nationwide Building Society offers the best remortgage for retired people over 70, with a 4.73% APR variable rate.
Does Nationwide offer a remortgaging option for retired homeowners over 70?
Yes, Nationwide remortgaging options for people over the age of 70 are 4.09% MER fixed.
Does Nationwide offer a mortgage calculator for pensioners over 70?
Nationwide mortgage calculators for over 70s show 4.84% AER fixed for life.
Does Nationwide offer RIO mortgages for those in their 70s?
Yes, a Nationwide RIO mortgage for pensioners over 70 is 4.65% MER fixed for life.
Does Nationwide only offer retirement interest mortgages for retired homeowners over 70?
A Nationwide retirement interest-only mortgage for over 70 is a 4.93% AER variable.