Typical Santander Equity Release Under 55 example where interest payments can be added onto the loan.
Property value: £192,000
The amount borrowed: £96,000
The first monthly interest amount: £170.40
Loan to value: 50%
Interest rate: 2.13% APRC
What are Santander interest rates for equity release under 55?
Santander rates for equity release under 55 are 1.97% APRC.
Does Santander have positive reviews for equity release under 55?
Yes, Santander reviews are splendid for equity release under 55.
Does the Santander equity release under 55 calculator show the loan to value?
Yes, the Santander Equity Release Under 55 calculator shows the positive loan to value of 75%.
Does a Santander equity release under 55 advisor charge a big fee?
No, Santander Equity Release Under 55 advisors are free.
Some of the most common retirement loan offerings are TSB retirement interest only mortgages, Barclays over 60 lifetime mortgages, Halifax over 60 lifetime mortgages, Legal and General equity release schemes and Nationwide BS equity release schemes.
Some of the most common loan to values of Lloyds Bank mortgages for over 60s, Barclays Bank RIO mortgages over 75, Halifax over 60-lifetime mortgages no fees, Legal and General mortgages for pensioners over 60, Bank of Scotland mortgages for over 60s and Nationwide later life mortgages for over 70s are 50%, 55% and 70%.
Popular loan to value percentage ratios of LVE later life interest only mortgages over 70, More2Life interest only retirement mortgages for over 70s, OneFamily later life interest only mortgages over 60, Yorkshire Building Society mortgages over 70s, Metro Bank equity release schemes for people over 70 and SunLife interest only retirement mortgages for over 70s are 45%, 60% and 70%.
Popular loan to value percentage ratios of Standard Chartered pensioner mortgages over the 70s, Zurich interest only lifetime mortgages for over 70s, Churchill lifetime mortgages for over 55s, Skipton Building Society mortgages over 70s, Newcastle Building Society equity release plans for people over 60 and Progressive Building Society retirement interest only mortgages over 75 are 45%, 55% and 65%.
Hard to mortgage home variants can include poorly maintained at the time of the valuation inspection, properties where letting arrangement where the tenancy agreement is not appropriate, freehold houses and bungalows (England, Wales, Northern Ireland), properties with unregistered titles subject to these being registered as part of the legal process and properties owned under any form of shared equity scheme.
Difficult to finance property types can include pre-fabricated reinforced concrete (PRC), properties with any externally applied insulation to the walls after construction, properties with a minimum floor area of 30 square metres, 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.
Tough to finance home titles can include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties without direct access to an adopted highway or which are accessed over an unmade road, 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.
Tough to mortgage home titles can include properties built on contaminated land, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), derelict property or where part of the building is in severe disrepair and needs demolishing, asbestos construction and missing planning permission or building regulations approval.