Sorting by

×

2.09% APR Fixed Santander equity release in 2021 – Free Valuation

Santander Equity Release Plans

  • Remove tax-free equity from your property with Santander Equity Release
  • Not necessary to make regular monthly payments
  • Free valuation
  • Use the money for a holiday
  • Stay living in your own house

Variable rates are 2.09% APR Fixed.

No fees apart from a small valuation fee.

High loan to value available for some people.  All successful applications are entitled to flexible drawdown options so you only release what equity you need, when you need it.

How much cash can I borrow?

You can achieve 60% of your home’s valuation. For example, if your home is worth £200000 you can get £120000.

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Customer Reviews

santander equity release schemes

Ms G from Dover

I divorced my husband who was a violent alcoholic. I really feared losing my home as I sometimes look after my daughter’s children. Equity release enabled me to pay off my ex and stay secure in my home.

Mrs G from Leeds

My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child.

Mrs V from Hastings

I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release and now I am more comfortable with no monthly repayments and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home.

mrs-daly santander equity release schemes

Mrs Daly from Glasgow

My daughter lives in the states and does not have health insurance. My £30,000 Santander Equity Release paid the medical bills for her son to be born and a years rent in advance for a new flat for the baby.

mr-g

Mr G from Kent

I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of its term and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home and the rate was close to what I paid before.

William from London

I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could buy bigger homes and we bought a house in the south of France for us all to use as a holiday home.

david-p-london

David P

With my power of attorney, I got equity release on my father’s house to pay for disability provisions including a lift and a new kitchen.

Mrs M from Birmingham

With no brokers fees and no lenders fees, I got an interest-only retirement mortgage which I pay each month from my private pension. The money released went to my daughter for her wedding and deposit for her next house. She wanted a family, and her flat was too small.

West London Home

Raise money with your home

 

Money tied up in house

 

 

Money tied up in house

  • Your Requirements

  • Please enter a number from 4000 to 200000000.
  • Please enter a number from 50000 to 10000000.

Challenging to finance property variants can include properties will be assessed for flood risk, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, some properties with sitting tenants or regulated tenancies, corrugated iron construction and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Waller, Wates, Wessex, Winget and Woolaway.

https://www.santanderprivatebanking.com/
https://www.santander.co.uk/
https://www.santanderbank.com/us/personal

Tough to mortgage property titles include properties built or converted into dwellings more than 10 years ago, properties with a large number/scale of outbuildings, use of the land and any outbuildings for a small amount of personal commercial use., properties that have solar farms or a large number of wind turbines on the land and properties with mobile phone masts which are within influencing distance of the house.

  • Bridgewater Lifetime Mortgage
  • Santander Equity Release Schemes UK
  • Just Retirement Interest Only Lifetime Mortgage
  • L&G Legal & General Flexible Max Plus
  • Pure Retirement Equity Release Plans
  • Stonehaven Lifetime Mortgage
  • TSB Equity Release Plans
  • Bridgewater Lifetime Mortgage
  • L&G Legal & General Flexible Plus Lifetime Mortgage
  • Pure Retirement Lifetime Mortgage
  • Lloyds Bank Lifetime Mortgage
  • Nationwide Equity Release
  • HSBC Interest Only Lifetime Mortgage
  • Royal Bank of Scotland Interest Only Lifetime Mortgage
  • Age Partnership Equity Release Schemes
  • Canada Life Voluntary Select Gold
  • More2Life Capital Choice Plus Plan
  • More to Life Flexi Choice Voluntary Payment Super Lite
  • Pure Retirement Lifetime Mortgage
  • Lloyds Bank Equity Release
  • More 2 Life Flexi Choice Voluntary Payment Super Lite

Difficult to finance property variants include difficult roof structures, timber framed properties built between 1920 and 1965, privately developed flats, maximum four storeys with a lift, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats without level access to private or communal garden space.

What percentage can be released – compare with Santander Equity Release?

  • 50% lump sum lifetime mortgages Royal London Equity Release
  • 60% loan to value (LTV) lifetime mortgage with flexible drawdown cash release Paragon Personal Finance
  • 50% loan to value (LTV) home reversion plans Norton Finance
  • 55% LTV Santander Equity Release
  • 30% loan to value monthly payment equity release Buckinghamshire Building Society

Hard to mortgage property variants include properties in poor condition, properties where multiple third parties are living in an annexe, feuhold/freehold properties (including flats) in Scotland, crofted houses and properties owned under any form of shared equity scheme.

What percentage can be released?

The older you are and the more serious your illnesses you are, the more tax-free cash you can release.

Equity Release Providers

  • Sunlife Plans
  • Stepchange
  • the Telegraph
  • Bridgewater

 

Lloyds Lifetime Mortgage No Payments

 

Does Santander offer Equity Release?

Yes, Santander Equity Release is 1.95% APRC.

Areas in the UK where retirement mortgages are common

  • Highworth
  • Horsforth
  • Thornaby-on-Tees
  • Bridgnorth
  • Bruton
  • Halifax
  • Cleckheaton
  • Grassington
  • Chester-le-Street
  • Twickenham
  • Billingham
  • Billingham
  • Guisborough
  • Blackrod
  • Sherborne
  • Carterton
  • Bishops Waltham

More2Life - Capital Choice Plus Plan

It is common to encounter people searching for lump sum lifetime mortgages, monthly payment lifetime mortgage or lifetime mortgage with flexible drawdown cash release, however, Age Concern like Royal London Equity Release are keen to see evidence of your situation in the form of bank statements.

Does Santander offer Pensioner Mortgages?

Yes, Santander Pensioner Mortgages are 2.2% MER.

Pure Retirement - Classic Lite

Pure Retirement Retirement Mortgages

Do Santander do Retirement Mortgages?

Yes, Santander Retirement Mortgages are 2.12% MER.

Crown Retirement Mortgages

Common loan to values of Virgin Money later life mortgages for over 60s, Zurich lifetime mortgages for over 55s, Sainsburys mortgages for over 50 year olds, Principality Building Society equity release schemes for people over 70, Newcastle Building Society interest only mortgages for over 60s and Cumberland Building Society retirement interest only mortgages over 75 are 50%, 60% and 65%.

More2Life

Do Santander do Equity Release Under 55?

Yes, Santander Equity Release Under 55 is 2.07% APRC.

 

Aviva - Lifestyle Flexible Option

 

Examples of retired business owners likely to have equity to release

  • Manufacture of other games and toys, n e c Sleaford
  • Retail sale of newspapers and stationery in specialised stores Stanley
  • Manufacture of cider and other fruit wines St Neots
  • Finishing of textiles Romsey
  • Activities of real estate investment trust Peacehaven
  • Medical nursing home activities Wilmslow
  • Manufacture of other general-purpose machinery n e c Ealing
  • Plumbing, heat and air-conditioning installation Morpeth
  • Fire service activities Silloth
  • Other telecommunications activities West Tilbury
  • Media representation services Somerton
  • Financial leasing Skelton-in-Cleveland
  • Manufacture of office and shop furniture Widnes
  • Manufacture of doors and windows of metal Ashburton
  • Research and experimental development on social sciences and humanities Tavistock
  • Raising of poultry Prudhoe
  • Removal services Watford
  • Manufacture of machinery for paper and paperboard production Brandon

 

Lloyds Lifetime Mortgage Buy To Let

 

Popular pensioner loan products include TSB later life mortgages, Barclays interest only mortgages for over 65 year olds, Halifax interest only lifetime mortgages, Legal & General interest only mortgages for over 60s and Nationwide BS mortgages for over 65.

The mortgage lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is a Private Tenant.

Some of the most popular loan to value percentage ratios of Lloyds Bank equity release plans for people over 60, Barclays Bank later life mortgages for over 70s, Natwest interest only mortgages for over 60s, Legal and General over 60 lifetime mortgages no fees, RBS over 60 lifetime mortgages and Nationwide Building Society retirement interest only mortgages over 60 are 50%, 55% and 70%.

Drawbacks of Equity Release Plans

Monthly payment equity release can reduce the value of your estate. Lumpsum lifetime mortgages may impact the ability to claim entitlements. You may need to pay a broker’s fee, and you could have higher rates to pay with some schemes.

Aviva lifetime mortgage

Santander UK plc. Registered Office: 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Telephone 0800 389 7000. Calls may be recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.

Common LTV ratios of LV= retirement interest only mortgages over 75, More to Life mortgages for 60 year olds, One Family later life mortgages for over 60s, Yorkshire Bank later life mortgages for over 60s, Royal London interest only mortgages for over 60s and Axa mortgages over 70s are 50%, 55% and 65%.

Does Santander offer Lifetime Mortgages?

Yes, Santander do lifetime mortgages at 2.27% MER. Santander Lifetime Mortgages have a loan to value of 60%.