Release tax-free money from your house with a Santander lifetime interest only mortgage
No monthly repayments
Use the money for a motorhome or new car
Continue to stay in your house

How much money can I borrow?

You can borrow 70% of your home’s value. As an example, if your home is valued at £300000 you can borrow £210000.

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It is common to find people searching for monthly payment lifetime mortgage, lumpsum lifetime mortgages or interest-only lifetime mortgages, however, Legal and General like Aegon are keen to see paperwork to show your personal situation in the form of bank statements.

Successful business owners who could benefit from equity release estate planning

Manufacture of machinery for mining Belper
Construction of railways and underground railways Marlow
Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores Longridge
Manufacture of metal structures and parts of structures Mablethorpe and Sutton
Educational support services Plympton
Wholesale of other machinery and equipment Rochford
Renting and leasing of freight water transport equipment Witney
Retail sale of other second-hand goods in stores, not incl antiques Haslingden
Manufacture of motorcycles West Mersea
Other building completion and finishing Margate
Manufacture of printed labels Wellington
Publishing of newspapers Mossley
Silviculture and other forestry activities Chesterfield
Unlicensed restaurants and cafes Kings Lynn
Letting and operating of conference and exhibition centres Mexborough
Wholesale of mining, construction and civil engineering machinery Holt
Manufacture of paints, varnishes and similar coatings, mastics and sealants Marazion
Pension funding Fleet

More to life Capital Choice Plus Plan
Nationwide Equity Release Plans
TSB Equity Release
Age Partnership Equity Release Plans
Canada Life Equity Release Plans
More to life Capital Choice Plan
Hodge Lifetime Flexible Voluntary Repayment Plan
Nationwide Equity Release
HSBC Lifetime Mortgage
More 2 Life Flexi Choice Voluntary Payment Super Lite
TSB Equity Release Plans
Bridgewater Lifetime Mortgage
Liverpool Victoria LV= Flexible Lifetime Mortgage
Stonehaven Equity Release Plan
Lloyds Bank Equity Release
TSB Lifetime Mortgage
Aviva Lifetime Mortgages for Pensioners
Bridgewater Equity Release Schemes
Canada Life Voluntary Select Gold Flexi
Just retirement equity release lifetime mortgages
Pure Retirement Classic Voluntary Payment Super Lite
Nationwide Equity Release Schemes
Royal Bank of Scotland Interest Only Lifetime Mortgage
Age Partnership Equity Release Schemes

Do Santander have positive reviews for equity release?

Yes, Santander reviews are splendid for equity release.

Legal and General Equity Release

Areas where retirement mortgages are popular

Mirfield
Heanor and Loscoe
Guildford
Cockermouth
Darlington
Knutsford
Ollerton and Boughton
Wendover
Painswick
Coleford
Brixham
Belper
Sevenoaks
Blackburn
Altrincham
Wiveliscombe
Ledbury
Wallsend
Harlow

What are the current Santander interest rates for equity release?

Santander rates for equity release are 1.97% APRC.

Challenging to finance home variants include properties with legal agreements such as Overage, Clawback, Option, Pre-emption, or any onerous Restrictive Covenant, properties with any kind of structural defect, damp, dry or wet rot, properties with structural problems, thatched buildings and concrete panel houses.

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold flat with share of freehold and if the resident is an Assured shorthold tenancy tenant.

Does Santander offer Equity Release?

Yes, Santander Equity Release is 1.93% APRC.

Pitfalls of Equity Release Schemes

Monthly payment equity release can reduce the inheritance for your family. Interest-only lifetime mortgages may impact entitlements to state benefits. You may need to pay a legal fee and you could have higher rates to pay with some schemes.

Tough to finance property variants include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with a large number/scale of outbuildings, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties with mobile phone masts which are not within influencing distance of the house and properties with mobile phone masts which are within influencing distance of the house.

Difficult to mortgage property types include timber framed properties built before 1920, properties with any externally applied insulation to the walls after construction, properties constructed or converted within the past 10 years, privately developed flats in blocks of two storeys without a lift and privately developed flats in blocks of three or four storeys without a lift.

Equity Release UK Providers

Key Solutions
New Life
Sunlife Plans

Hard to finance home types include properties currently undergoing substantial alterations, extensions or repairs, properties where multiple third parties are living in an annexe, right to buy – properties in Scotland, commonhold properties and freehold flats (England, Wales, Northern Ireland).

Do Santander do Pensioner Mortgages?

Yes, Santander Pensioner Mortgages are 1.9% APR.

What percentage can be released?

60% monthly payment equity release Zurich
35% LTV lump sum lifetime mortgages LV equity release
30% loan to value monthly payment lifetime mortgage Bluestone Mortgages
40% loan to value lifetime mortgage with flexible drawdown cash release More to Life
30% loan to value monthly payment lifetime mortgage Equifinance

Does Santander offer Retirement Mortgages?

Yes, Santander Retirement Mortgages are 2.3% MER.

Popular loan to value ratios of Aviva interest only mortgages for over 65 year olds, Direct Line over 60 lifetime mortgages, Leeds Building Society mortgages for 60 plus pensioners, Principality Building Society mortgages for people over 50, West Bromwich Building Society mortgages for over 70s and National Counties Building Society later life interest only mortgages over 75 are 45%, 55% and 65%.

Popular loan to value percentage ratios of Liverpool Victoria retirement interest only mortgages over 60, More to Life lifetime mortgages for over 55s, One Family retirement mortgages over 70, Yorkshire Bank mortgages for pensioners over 60, Principality Building Society mortgages over 70s and Sun Life interest only lifetime mortgages for people over 60 are 35%, 60% and 70%.

Some of the most popular retirement loan offerings are Lloyds Bank mortgages over 65, Barclays Bank mortgages for over 60s, Halifax retirement mortgages, Legal and General later life interest only mortgages over 70 and Nationwide Building Society mortgages for 60 year olds.

Some of the most common loan to value percentage ratios of Lloyds remortgages for people over 50 years old, Barclays Bank mortgages for over 65, Post Office interest only retirement mortgages for over 70s, L&G interest only mortgages for people over 70, Royal Bank of Scotland interest only mortgages for over 65 year olds and Nationwide mortgages for pensioners over 60 are 45%, 60% and 70%.

Do Santander do Equity Release Under 55?

Yes, Santander Equity Release Under 55 is 2.21% APRC.

Equity Release percentages of your current property value

The more aged you are and the unhealthier you are the more cash you can release.

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. Santander and the flame logo are registered trademarks.

Do Santander do Lifetime Mortgages?

Yes, Santander does lifetime mortgages at 2.12% APRC. Santander Lifetime Mortgages can have a loan to value of 65%.

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