4.09% APR Fixed Santander equity release in 2026

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

Variable rates are 4.09% 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 release only the equity you need, when you need it.

Customer Reviews

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 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 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

My lawyer told me 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 all of us to use as a holiday home.

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 broker’s or lender’s 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 a deposit for her next house. She wanted a family, and her flat was too small.

https://twitter.com/santanderuk

https://twitter.com/santanderuk
https://twitter.com/santanderukhelp
https://twitter.com/santanderbankus
https://twitter.com/ftbsantander
https://twitter.com/santanderpb

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

• 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

• Lloyds Lifetime Mortgage Interest Only Rates
• Halifax Lifetime Mortgage Home Reversion Plan
• Natwest Lifetime Mortgage Home Reversion Plan
• Lloyds Retirement Mortgage Interest Rates
• Santander Equity Release On Second Homes
• HSBC Lifetime Mortgage Interest Only Rates
• Natwest Equity Release Loan
• Halifax Equity Release Scheme
• Lloyds Equity Release Advice
• Lloyds Bank Retirement Mortgages Rates 2026
• Santander Retirement Mortgage House
• Lloyds Bank Equity Release Mortgage
• Lloyds Bank Lifetime Mortgage Interest Only Rates
• HSBC Retirement Mortgage Rates 2026
• Natwest Retirement Mortgage Calculator
• Nationwide
• HSBC Equity Release
• Nationwide Retirement Mortgage Reviews
• Santander Lifetime Mortgage Buy To Let
• Nationwide Lifetime Mortgage Maximum Ltv

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

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

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

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.

Pure Retirement Retirement Mortgages
Crown Retirement Mortgages
More2Life

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

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.

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.

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.