- 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 allows you to release money from your home without needing to move or sell, offering a way to improve your finances or enjoy cash for a better lifestyle during retirement.
To be eligible, your property must typically be worth at least £70,000, although this can vary between providers. 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 with 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, the loan, plus any rolled-up interest, is repaid, 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.
It’s essential to ensure you’re accepting the right terms when choosing a lifetime mortgage. 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.
NATWEST BANK – STRUCTURE, REGULATION, OPERATIONS & GLOBAL PRESENCE and the no negative equity guarantee commitment
🏦 GROUP ENTITIES & SUBSIDIARIES
| Entity | Jurisdiction | Reg No. / Type | Role / Business Segment |
|---|---|---|---|
| NatWest Group plc | UK (Scotland) | SC45551 | Parent holding company |
| NatWest Holdings Limited | UK | — | Ring-fenced UK retail holdings (NatWest, RBS, Coutts) |
| National Westminster Bank plc | UK | — | UK personal & business banking |
| The Royal Bank of Scotland plc | UK | — | Retail banking in Scotland, UK business |
| Coutts & Company | UK | — | Private banking |
| Ulster Bank Limited (Northern Ireland) | UK | — | Retail banking in NI, trading name under NatWest |
| Ulster Bank Ireland DAC (ROI)* | Ireland | — | Retail banking (ceased operations Apr 2023) |
| NatWest Markets plc | UK | 90312 | Investment banking, global markets |
| NatWest Markets N.V. | Netherlands | 33002587 | Continental Europe markets |
| NatWest Markets Securities Inc. | USA (Connecticut) | FINRA, SIPC | US broker-dealer |
| NatWest Markets Securities Japan Ltd. | Hong Kong / Japan | Kin‑Sho No 202 | Japan securities business |
| RBS International Ltd | Jersey, Guernsey, IoM, Gibraltar | — | Offshore personal & institutional banking |
| Lombard North Central plc | UK | — | Asset finance |
🛡️ REGULATORY AUTHORISATIONS Impacting NatWest Lifetime Mortgages
| Entity | FCA Ref | PRA Authorised | Intl Regulators |
|---|---|---|---|
| National Westminster Bank plc | Yes | Yes | — |
| The Royal Bank of Scotland plc | Yes | Yes | — |
| Coutts & Company | Yes | Yes | — |
| NatWest Markets plc | 121882 | Yes | — |
| NatWest Markets N.V. | — | — | DNB, ECB, AFM |
| NatWest Markets Securities Inc. | — | — | FINRA, SIPC |
| NatWest Markets Sec. Japan Ltd. | — | — | JFSA (Japan) |
| RBS International Ltd | — | — | JFSC (Jersey), GFSC (Guernsey) |
🌐 OPERATING ACTIVITIES
- Retail Banking: accounts, savings, mortgages, credit cards, overdrafts, home improvement finance, property value algos
- Business Banking: SME/current accounts, lending, merchant and invoice finance, asset finance
- Private Banking: wealth management via Coutts & RBS
- Corporate & Institutional: global capital markets, derivatives, risk management
- Offshore Banking: personal/institutional in Crown dependencies
- Asset Finance: via Lombard North Central
- Brokerage: US securities trading via NatWest Markets Securities Inc
- European finance: branch services via N.V. in the EU
- Investment Services: debt capital advisory, M&A, FX trading
- Digital Banking: online, mobile, API integration for retail and businesses
🌍 GLOBAL LOCATIONS & CONTACT DETAILS for no early repayment charges redemptions
NatWest Group plc (Head Office) is ideal for getting a lump sum from the current property value
- 36 St Andrew Square, Edinburgh, EH2 2YB, UK
- 📞 +44 131 556 8555
- 🌐 natwestgroup.com
National Westminster Bank plc
- 36 St Andrew Square, Edinburgh, EH2 2YB, UK
- 📞 0345 888 4444 (UK general enquiries)
- 🌐 natwest.com
The Royal Bank of Scotland plc
- 36 St Andrew Square, Edinburgh, EH2 2YB, UK
- 📞 0345 366 6666 (Scotland)
- 🌐 rbs.co.uk
Coutts & Company
- 440 Strand, London, WC2R 0QS, UK
- 📞 +44 20 7967 1000
- 🌐 coutts.com
Ulster Bank Limited (Northern Ireland)
- 80 Donegall Square East, Belfast, BT1 5LQ, UK
- 📞 028 9032 7444
- 🌐 ulsterbank.co.uk
NatWest Markets plc
- Reg Office: 36 St Andrew Square, Edinburgh, EH2 2YB, UK
- Business Office: 250 Bishopsgate, London, EC2M 4AA
- 📞 +44 20 7678 8000
- 🌐 ci.natwest.com
NatWest Markets N.V. (Netherlands)
- Claude Debussylaan 94, 1082 MD Amsterdam, Netherlands
- 📞 +31 20 464 3707
NatWest Markets Securities Inc. (USA)
- Stamford, Connecticut
- 📞 FINRA directory (US broker-dealer support)
- 🌐 via natwestmarkets.com
NatWest Markets Securities Japan Ltd.
- Tokyo Branch, regulated by JFSA (Kin‑Sho No 202)
RBS International Ltd (Jersey HQ)
- 44 Esplanade, St Helier, Jersey, JE1 4BP
- 📞 +44 1534 616 300
- 🌐 natwestinternational.com
Lombard North Central plc
- 1100 Century Way, Thorpe Park, Leeds, LS15 8ZA, UK
- 📞 +44 113 306 9000
- 🌐 lombard.uk.com
📞 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
- NatWest Markets London (Institutional): +44 20 7678 8000
- 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 shows issues with inheritance tax unless you choose early repayment.
Options for repaying a lifetime mortgage early
Yes, depending on the product selected, some 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 your initial borrowing amount, the current lifetime mortgage rates are about 0.5% higher than the most competitive repayment mortgage 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 is maybe 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 an a fixed interest rate and 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 a long time, can sometimes need to release tax-free cash lump sum, for a kitchen replacement, bathroom, or even an extension or a conservatory.
If you borrow money secured by your home and use it to increase its size, this type of borrowing for improvements can significantly raise your home’s value.
Homeowners with a mortgage coming to the end of its term
Many of the people most appropriate for a lifetime mortgage are homeowners aged 55 and over with a mortgage approaching the end of its term who are unable to 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