1.97% MER rate with a Santander lifetime mortgage
£299 valuation fee
No lenders fee
No brokers fee
Use your own solicitor
Remove tax-free equity from your property
Not necessary to make regular monthly payments
Use the money for anything you like
Stay living in your own house

Lowest rate 1.97% variable new as of January 2021.

No fees, just a simple valuation of your home/property.

Your Requirements
How Much Would You Like Borrow/Release?*
Please enter a number from 4000 to 200000000.
Value of your property*
Please enter a number from 50000 to 10000000.
Type of Finance*
- Equity Release
- Lifetime Mortgage
- Retirement Interest Only Mortgage
- Retirement Mortgage
- Conventional Payment Mortgage

About You
Name*
First Last
First Line Of Your Address:*
Your Postcode:*
Please Agree To Our T&C and Privacy*
- I Agree

Date of Birth*
Your Email Address:*
Phone Number*

Testimonials and Example Cases

Sandra from Manchester

I got equity release to give money to my daughter to buy a house. Without the money I borrowed, her buying a home would have been impossible.

Julia A

My mother has dementia. With my solicitor and my power of attorney, I got equity release on my mother’s house to pay for specialist modifications for her comfort.

Mrs Daly from Glasgow

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

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.

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.

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.

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https://www.santanderprivatebanking.com/
Santander lifetime mortgage
santander interest only mortgage rates

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.

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Interest only lifetime mortgage Santander

If you don’t want roll up compounded interest, an interest-only lifetime mortgage from the Santander at a very low rate can be an excellent idea.

What percentage can be released in 2021 – Compare Santander lifetime mortgage?

Santander lifetime mortgage options can be some of the most flexible products available.

50% lump sum lifetime mortgages Royal London Equity Release
55% Santander lifetime mortgage
65% Interest Only Lifetime Mortgage Santander
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
30% loan to value monthly payment equity release Buckinghamshire Building Society
UK Santander retirement mortgages can be a very low-cost route to releasing equity from your home

What percentage can be released with a Santander lifetime mortgage?

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

Equity Release Providers – Interest Only Lifetime Mortgage Santander

Sunlife Plans
Stepchange
the Telegraph
Bridgewater

Areas in the UK where Santander retirement mortgages are common in 2021

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, Santander 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 for estate planning and reducing tax bills

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. Plan for your inheritance tax bills and don’t give your money to the Marxists. An Interest Only Lifetime Mortgage Santander could help reduce bills.

Drawbacks of Equity Release Plans in 2021

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.

Interest-only lifetime mortgage Santander in 2021

Pay just the interest in the money you borrow from Santander, with an interest-only lifetime mortgage with no hidden fees or penalties.

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.

Some lenders offer retirement mortgages that rely on personal income to may repayments.

Your Requirements

About You