Nationwide Later Life Mortgages
Nationwide Building Society offers a comprehensive later life mortgage range - Retirement Capital & Interest (RC&I), Retirement Interest Only (RIO), and Lifetime Mortgage products - making it the UK's first major high-street lender to offer all three.
Independent introduction serviceAccess to specialist lendersNo obligation
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What happens next
- Fill in the form (2 minutes).
- We'll match you with the right specialist for your situation.
- A specialist independent broker will contact you to discuss your options.
About Nationwide Later Life Mortgages
As an independent introduction service, we introduce you to later life lending specialists who can compare Nationwide's products against other specialist lenders.
The options available
Nationwide RC&I (Retirement Capital & Interest)
Standard capital and interest repayment mortgage for older borrowers, accepting pension income evidence. Terms ending to age 85. For borrowers who can afford full repayment and want to own their property outright.
Nationwide RIO
Retirement Interest Only from Nationwide. Monthly interest payments. Capital repaid from property sale. Limited range - no drawdown option. Requires sufficient income to service interest.
Nationwide Lifetime Mortgage
Nationwide's lifetime mortgage product - no monthly payments, interest rolls up. ERC-approved. Available to Nationwide members initially, with broader availability planned.
Nationwide Maximum Term
Nationwide extends to age 85 at end of term for standard mortgages with pension income evidence. This gives a comfortable window for borrowers in their 60s who want mainstream lender terms.
Pension Evidence Required
Nationwide's later life products require pension income evidence - pension forecast (pre-retirement) or pension in payment confirmation (post-retirement). A wider range of income types is considered than their standard products.
Specialist Alternatives
Nationwide is one option - and for existing Nationwide members it may be convenient. However, specialist lenders including LiveMore, Hodge, and Family Building Society often offer more flexibility for older borrowers. The specialist we introduce you to can compare options across lenders.
How It Works
Nationwide eligibility check
The specialist confirms whether Nationwide's criteria match your age, income, and requirements before approaching.
Nationwide vs specialists
The specialist compares Nationwide against LiveMore, Hodge, Family Building Society, Legal & General, and others.
Application
If Nationwide is most suitable, the specialist manages the application. If a specialist lender is better, they proceed with that lender.
Completion
Standard mortgage completion process.
Speak to our later life lending specialists
Call 0204 6211776 · Introductions to later life lending specialists
Frequently asked questions
Does Nationwide do equity release?
Yes - Nationwide offers a lifetime mortgage product as part of their later life suite. It is initially available to existing Nationwide members. It is ERC-approved and carries all standard ERC consumer protections. If you are not a Nationwide member or want wider comparison, specialist equity release lenders (Aviva, L&G, Just) often offer more competitive terms.
What is Nationwide's maximum age for a mortgage?
Nationwide extends to age 85 at end of term for their RC&I and RIO products with pension income evidence. This is more generous than many mainstream lenders. For borrowers who need to borrow beyond 85 at end of term, specialist lenders including LiveMore (no maximum), Hodge (to 88 at application), and Suffolk Building Society are more appropriate.
Can I get a Nationwide RIO if I am already retired?
Yes - Nationwide's RIO considers post-retirement pension income including State Pension, defined benefit pensions, and drawdown. You do not need to be currently employed to access Nationwide's later life products.
Is Nationwide's later life range better than specialist lenders?
Nationwide's later life range is strong for its category - it is unusual for a major high-street lender to offer all three products (RC&I, RIO, Lifetime Mortgage). However, specialist lenders typically offer more flexibility on age criteria, income types, and LTV. A later life lending specialist can compare Nationwide against the specialist market.
Is Nationwide's lifetime mortgage competitive?
Nationwide's lifetime mortgage is competitively priced and carries ERC approval. Its primary advantage is brand familiarity for existing Nationwide customers. However, Aviva, Legal & General, and other specialist equity release lenders have broader property acceptance, more established enhanced plan capabilities, and often comparable or better rates. An equity release specialist can compare the options.