Why choose a Nationwide Retirement Capital and Interest mortgage

This retirement mortgage can be useful, because unlike a standard repayment mortgage you can borrow up to a higher age.

A Retirement Capital and Interest mortgage has:

  • Capital and Interest monthly repayments
    Like a standard repayment mortgage, your mandatory monthly payments pay back the capital and interest. So, you repay your mortgage in full by the end of its term.

  • Fixed and tracker interest rates available
    Compare Nationwide Lifetime and Retirement mortgage rates

  • A maximum loan amount of £500,000

    Borrow up to 50% loan to value (LTV). Minimum loan amount: £10,000 (or £1,000 if you’re switching from an existing Nationwide mortgage with no additional borrowing).

With Nationwide you also get:

  • No fees
    There are no valuation, product, or advice fees with this mortgage.

  • Free specialist mortgage advice
    Our specialist mortgage advisers can help you decide if releasing equity is right for you, and how much you could release from your home. Plus, there’s no obligation to apply.

  • The option to make flexible overpayments
    If you want to, you can overpay up to 10% of the loan amount each year without incurring an Early Repayment Charge (ERC).

Is a Retirement Capital and Interest mortgage right for you?

A Nationwide Retirement Capital and Interest mortgage is not available for:

  • Those using affordable home ownership schemes

    For example, if you are using a shared ownership or Right to Buy scheme.

  • Some areas of the British Isles

    You cannot apply for one of these mortgages if you live on the Isle of Man, Isles of Scilly, or Channel Islands.

To apply for a Retirement Capital & Interest mortgage

You need to be:

  • aged 55 to 84 (or 94 if you already have a Nationwide mortgage)
  • applying for a mortgage on your main residence only
  • receiving a state, private or workplace pension.

Attend our releasing equity with Nationwide event

On the 7 June 2022, we're hosting a free, online event about releasing equity with Nationwide. Our specialist mortgage advisers will talk you through our range of borrowing options, plus you can ask any questions you might have.

Speak to us and find out how to apply

To find out if our Lifetime and retirement mortgages are right for you, and how much equity you could release from your home, get in touch.

We can arrange an appointment for you with one of our specialist mortgage advisers.

Member stories: Helping Andy and Christine enjoy retirement

With help from our mortgages for over 55s, they’re living retirement, their way.


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.