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Santander retirement mortgage for UK Homeowners for 2021

interest only

  • A Santander retirement mortgage at 1.96% MER Rate
  • No lenders fees
  • No brokers fees
  • £299 valuation fee
  • Use your own solicitor
  • Remove tax-free equity from your property
  • Not necessary to make regular monthly payments
  • Stay living in your own house – using Santander retirement mortgages

How much cash can I get?

You can borrow 65% of your home’s value. For example, if your house is worth £180,000 you can get £117,000.

  • Your Requirements

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

santander retirement mortgages

Customer Testimonials

julia-a santander retirement mortgages

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 L from Nottingham

I had to pay a valuation fee and a solicitor’s fee, but no lender or broker fees for my lifetime mortgage. As I was divorcing my husband of 30 years the money went to him for his share of the house. I am happy now as I am secure, and I do not need to move from my home.  Santander Retirement Mortgages were great for me.

retirement interest only mortgage

Ms T from Hammersmith

My husband recently died leaving me with a mortgage I could not afford to pay. The lifetime mortgage allowed me to pay off the mortgage and have enough money left over for a new bathroom, kitchen, and roof repair.

santander mortgage rates

William from London

I was told by my lawyer my inheritance tax bill would be around £250,000. Santander retirement mortgages was what I used 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.

santander retirement mortgages

Mr Smith from Kendal

My financial advisor told me that I should get equity release and gift money to my 5 children now as it would save a massive amount of inheritance tax.


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.


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.


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 a £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. E from London

I was advised to get equity release from my East London home to minimize inheritance tax. My son and daughter used the money to pay down their mortgages. The interest rate on the equity release was so low it was close to their mortgage rate.

  • Your Requirements

  • Please enter a number from 4000 to 20000000.
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santander retirement mortgage
  • What are you looking for?

  • Please enter a number from 12000 to 20000000.
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  • Bridgewater Lifetime Mortgage
  • Just Retirement Interest Only Lifetime Mortgage
  • Santander retirement 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
  • Santander retirement mortgages
  • 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

More2Life - Capital Choice Plus Plan

santander homeowner loans

What percentage can be released with Santander retirement mortgages?

  • 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
  • 30% loan to value monthly payment equity release Buckinghamshire Building Society
  • 50% ltv Santander retirement mortgages

santander retirement mortgages

What percentage can be released with a Santander retirement mortgage?

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

Lloyds Lifetime Mortgage No Payments

Equity Release Providers

  • Sunlife Plans
  • Stepchange
  • the Telegraph
  • Bridgewater
  • Santander retirement mortgages

Areas in the UK where Santander 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 Santander retirement mortgages 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

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 specialized 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.

Lloyds Lifetime Mortgage Buy To Let
Santander UK plc. Registered Office: 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. 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 Santander and the flame logo are registered trademarks.