- NatWest Lifetime Mortgages are fixed at 4.93% for the duration
- No fees payable to brokers or advisers
- Free home valuation included
- You can choose to make monthly payments if preferred
- Lifetime product with no fixed term
- No penalties for repaying early
To find out whether a NatWest lifetime mortgage meets your needs, please complete the form below:
NatWest Lifetime Mortgage
Understanding How Lifetime Mortgages Work, using the value of your home to get tax-free cash with no advice fee
A lifetime mortgage is a popular solution for people aged 55 and over who wish to access some of the value tied up in their home. It lets you release money from your home without moving or selling, giving you a way to improve your finances or enjoy cash for a better lifestyle in retirement.
To be eligible, your property must typically be worth at least £70,000, though this can vary by provider. The product is a form of equity release regulated by the Financial Conduct Authority and backed by membership of the Equity Release Council, which ensures essential consumer safeguards are in place.
With NatWest Lifetime Mortgages, you stay in your home with no monthly repayments and a cash reserve.
The mortgage is secured against your home, meaning the lender places a legal charge on the property. However, you retain full ownership of your home and can continue living there for the rest of your life or until you move into long-term care. At that point, you repay the loan, plus any rolled-up interest, usually from the proceeds of the property’s sale.
A lifetime mortgage could help you repay your existing mortgage with a loan secured on your home.
When choosing a lifetime mortgage, make sure you accept the right terms. Features such as interest rates, drawdown options, and inheritance protection vary by provider. Engaging with a trusted adviser and comparing products as part of a series of steps will help ensure that the solution fits your needs.
📞 KEY SUPPORT CONTACTS for home finance and any family member
- NatWest Retail UK Enquiries: 0345 888 4444
- Lost/Stolen Cards: 0370 600 0459
- Coutts Client Services: +44 20 7957 2424
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- RBS International Jersey: +44 1534 616 300
Other issues to consider:
- lifetime mortgage loan amount
- lifetime mortgage interest rate
- existing mortgage loan amount
- Impact on state benefits and other means-tested benefits
- Equity release advisers’ fees on the money you release
- The inheritance protection part of the money you release
- An existing mortgage for your loved ones
- The application process flags inheritance tax issues unless you choose early repayment.
Options for repaying a lifetime mortgage early
Yes, depending on the product selected, some products have no early-repayment fees. Also, because of how compound interest works, many products will allow you to pay interest to stop the capital owed from increasing over time.
What interest rates are available for lifetime mortgages in 2026?
Based on your property value and initial borrowing amount, current lifetime mortgage rates are about 0.5% higher than the most competitive repayment mortgage rate for a younger borrower, currently around 4.5%.
If you have a son or a daughter with a poor credit history, a regulated equity release adviser may suggest that you can use your property value to borrow more cheaply than they can.
How safe are lifetime mortgages?
With Equity Release Council standards, the no-negative-equity guarantee, and today’s interest rate environment, regulation has made lifetime mortgages a safe option.
Who is a lifetime mortgage likely to suit?
Property owners considering inheritance tax planning.
If you have a son or daughter who has a mortgage or other debts, who may be finding it hard with monthly interest costs, not only could you manage potential future inheritance tax bills with a lifetime mortgage, but you might be able to get a fixed interest rate lower than the rates your son or daughter is paying.
Plus, you will not have to make monthly payments. If your son or daughter borrows money for a mortgage or secured loan, they will typically need sufficient income and affordability to reduce the capital balance. With your lump-sum lifetime mortgage money, they do not need to borrow in the first place.
Those funding home improvements
Property owners aged 55 or over who have been in their homes for a long time may need to release a tax-free cash lump sum for a kitchen replacement, bathroom, or even an extension or conservatory.
If you borrow money secured by your home to increase its size, this type of borrowing for improvements can significantly increase your home’s value.
Homeowners with a mortgage coming to the end of its term
Many of the people best suited to a lifetime mortgage are homeowners aged 55 and over with a mortgage nearing the end of its term who can no longer repay.
Interest-only mortgages were particularly popular about 20 years ago, when people were often advised to use an investment plan to repay the capital balance at the end of its term.
People who have not saved or invested to repay their capital balance, or even people who have built up debts and remortgaged over and over again to access cash from their homes