NatWest Equity Release Calculator

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No NatWest equity release products are currently available or comparable to products that could be used to release equity similarly. This includes lifetime mortgages, home reversion products, and similar loans, which NatWest does not offer. There is limited information and advice on the NatWest website regarding equity release, but no such products are currently available. Established as far back as 1834, NatWest went on to become one of the most successful financial institutions of its kind worldwide. Today, NatWest serves close to 20 million customers with a broad range of private banking services and specialised business products. Like most major high-street banks, NatWest does not currently offer any specialist equity release products. Nor does NatWest directly recommend the products or services of any other lender, where equity release is concerned. There are some helpful resources on the NatWest website for those interested in equity release, but the bank does not take inquiries or offer any direct support on the subject of NatWest.

Who is equity release suitable for?

Equity release has been around for some time but has become increasingly popular as of late. This is due to the fact that a broader contingency of UK homeowners than ever before is finding itself within the ‘cash-poor, asset-rich’ bracket. This refers to those who have a great deal of money tied up in their properties but have much less on-hand cash to support their lifestyles. With equity release, it is possible to tap into as much as 75% of the value of your home. This means that if you have a home valued at £400,000, you could take out an equity release product worth £300,000. This effectively means £300,000 in tax-free cash, transferred directly into your bank account and yours to do with as you wish. Increasingly, equity release is being used by homeowners as a means to fund a more comfortable and enjoyable retirement. Lifetime mortgages are available to anyone who owns their own home and is over the age of 55, with flexible terms and conditions to suit most requirements. Even so, equity release is not without its downsides. Under no circumstances should equity release be rushed into without careful forethought and independent expert advice. For more information on the potential benefits of equity release or to discuss your suitability in more detail, contact a member of the team at UK Property Finance anytime.

Can I release equity with poor credit?

Yes, in fact, there are very few restrictions placed on who can and cannot apply for equity release loans. You simply need to be 55 or older, have sufficient equity tied up in your home, and fully understand the potential implications of equity release. With equity release, you effectively sell some or your entire home to your chosen lender. They pay you an agreed-upon tax-free cash price for a stake in your home, which you agree to repay when your home sells after you die. In the meantime, you are free to continue living in your home indefinitely and can use the money for anything you like. Of course, the sale of your home (in part or in full) means that the value of your estate at the time of your death will be reduced significantly. You will have less to leave behind for your beneficiaries, and the sale of your home may not fully cover your debt if there are any major market shifts. At UK Property Finance, we can provide you with the objective and straightforward advice you need to determine whether equity release is for you. Call today for an obligation-free chat with a member of our team, or email us, and we will get back to you as soon as possible.