Find out if Santander Equity Release is right for you in 2026
- Over 60s only
- Free home valuation
- No lender, broker or advisor fees
- No early repayment charges
- Ideal to pay off an existing mortgage
- You don’t need to be an existing Santander customer
- Fee-free future further advances are subject to valuation
- 5.03%
The loan-to-value is up to 60%. For example, if your home is valued at £260,000, you can release 60% of this, which is £156,000.
Santander Equity Release Calculator UK
The Santander Equity Release Calculator is a useful online tool designed to provide homeowners with an estimate of how much they could potentially release from their property through a Santander equity release scheme.
By entering details like age and property value, users can gain insight into the options available from Santander.
Other Santander Later Life Over 60 Products
As well as Santander equity release, you can consider a Santander over 60 mortgage, a Santander lifetime mortgage or apply for one of the Santander retirement mortgages currently available.
Santander Bank Regulatory Details
Santander UK is authorised and regulated by the UK’s Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA).
Santander Bank FCA-Permitted Services
- Insurance
- Investments
- Other Services
Registration Numbers
FCA and Companies House Link
- FCA Link: FCA Details
- Companies House Link: Companies House Listing
Santander Address
- 0800 068 6064
- consumerservice@santander.co.uk
- 2, Triton Square, Regent’s Place, London, NW1 3AN.
Later-life home finance, a burgeoning sector in financial services, offers various products tailored to the needs of older homeowners, particularly those aged 50, 55, 60, 65, 70, 75, and 80. These products include Lifetime Mortgages, Retirement Interest-Only (RIO) mortgages, and Reverse Mortgages, each with distinct features suitable for different stages and needs in retirement.
Lifetime Mortgages, a popular choice, allow pensioners to release equity from their property while retaining ownership. There are several types, including interest-only lifetime Mortgages, in which the borrower pays only the interest each month, reducing the impact of compounding interest.
These especially appeal to those over 60 and over 65, who might have more stable retirement funds to manage regular interest payments.
Retirement Interest-only (RIO) mortgages, another critical product in later-life home finance, differ from standard interest-only mortgages. Designed for retirees, typically over 55 or 60, RIO mortgages have no fixed term and are repaid upon the borrower’s death or move into long-term care.
They are popular among pensioners because they have lower monthly repayments, as only the interest is paid until the loan term ends.
Reverse Mortgages, known more commonly in the UK as Lifetime Mortgages, allow homeowners, often over 70 or over 75, to access equity without monthly repayments. The loan and accrued interest are repaid when the property is sold, usually after the homeowner passes away or enters long-term care.
Each of these products has its specific rates and fees. The rates can be fixed or variable, and potential borrowers need to use a calculator to understand the long-term financial implications. Fees can include arrangement fees, valuation fees, and legal fees.
