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Lifetime and retirement mortgage rates for existing members

We no longer offer new Lifetime or retirement mortgages. The information on this page is only for members that already have one of these mortgages with us and want to switch deal or borrow more.

On 20 April, your Lifetime Mortgage will be transferred from Nationwide Building Society to Pure Retirement Ltd (Pure).

  • Applies to Lifetime Mortgages

  • Does not apply to Retirement Interest Only or Retirement Capital and Interest Mortgages

Before the transfer, there will be a period when you won’t be able to apply for new borrowing or port your mortgage. This pause will stay in place until the transfer is complete on 20 April, at which point Pure will be your point of contact.

From 5 March: You won’t be able to apply for additional borrowing.

From 3 April: Applications to port your mortgage — with or without additional borrowing — will also close.

If you have any questions regarding this change, please don't hesitate to contact us on 0800 464 0813.

We’re here between 9am and 5pm, Monday to Friday. You can find out more information about Pure here: Introducing Pure Retirement to Nationwide Customers (opens in a new window).

Existing Lifetime or retirement mortgage members

We’ve stopped offering new Lifetime or retirement mortgages, but nothing has changed for you if you already have one of these mortgages with us.

You can still borrow more if you’re eligible, and you can still move your mortgage to a new home with you.

And if you have a Retirement Interest Only mortgage or a Retirement Capital and Interest mortgage, you can still switch to a new deal when yours ends.

Lifetime mortgage rates

If you’re an existing member borrowing more, you can borrow between £10,000 and:

  • £1 million if you live in England, or
  • £515,000 if you live in Wales or Scotland.

Our Lifetime mortgage rates and the maximum loan amount depend on your age, how much your property is worth and how much you want to borrow. Please call us on 0345 609 25 30 to find out more.

Retirement Interest Only mortgage rates

These rates apply to existing members borrowing more and switching to a new deal.

You can borrow:

  • a minimum of £10,000
  • a maximum of £500,000
  • up to 50% loan to value (LTV).

There is no booking or product fee for this mortgage.

This table shows the details of each of our Retirement Interest Only mortgages for comparison.

If you can't view the whole table, swipe or scroll to show more > > >

Information and rates for the Nationwide Retirement Interest Only (RIO) mortgage.
Mortgage type Deal period Initial rate Variable SMR (after deal period) Overall cost for comparison
Fixed 2 years

4.69%

 6.49% 6.50% APRC
Fixed 5 years

4.65%

 6.49% 6.00% APRC
Fixed 10 years 4.65% 6.49% 5.50% APRC
Tracker 2 years 5.24%
(Base rate +1.49%)		 6.49% 6.50% APRC

Retirement Capital and Interest mortgage rates

These rates apply to existing members borrowing more and switching to a new deal.

You can borrow:

  • a minimum of £10,000
  • a maximum of £500,000
  • borrow up to 50% loan to value (LTV).

There is no booking or product fee for this mortgage.

This table shows the details of each of our Retirement Capital and Interest mortgages for comparison.

If you can't view the whole table, swipe or scroll to show more > > >

Information and rates for the Nationwide Retirement Capital and Interest (RCI) mortgage.
Mortgage type Deal period Initial rate Variable SMR (after deal period) Overall cost for comparison
Fixed 2 years 4.69% 6.49% 6.20% APRC
Fixed 5 years 4.65% 6.49% 5.70% APRC
Fixed 10 years 4.65% 6.49% 5.10% APRC
Tracker 2 years 5.24%
(Base rate +1.49%)		 6.49% 6.40% APRC

How to switch or borrow more

Get in touch with us to apply to switch or borrow more.

You can only switch if you're on a Retirement Interest Only mortgage or a Retirement Capital and Interest mortgage.

When you apply, one of our mortgage advisers will talk through your options and recommend the right deal for you.

Get advice and apply by phone or video

Call us to book a free phone or video appointment with one of our mortgage advisers.

Monday to Friday, 8am to 6pm.
Saturday 8:30am to 4pm.
Closed Sundays and bank holidays.

0345 609 25 30

Glossary of terms

Important:

Think carefully before securing other debts against your home. Your mortgage is secured on your home, which you could lose if you do not keep up your mortgage payments. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.