Example Santander equity release with no monthly payments
Property value: £244000
Amount released: £122000
Interest rate: 2.46% APRC
Loan to value: 50%
Does Santander offer Lifetime Mortgages?
Yes, Santander does lifetime mortgages at 2.1% MER. Santander Lifetime Mortgages have a loan to value (ltv) of 50%.
Does Santander offer Equity Release Under 55?
Yes, Santander Equity Release Under 55 is 2.06% APRC.
Does Santander offer Retirement Mortgages?
Yes, Santander Retirement Mortgages are 1.91% APRC.
Does Santander do Pensioner Mortgages?
Yes, Santander Pensioner Mortgages are 1.82% APR.
Does Santander offer Equity Release?
Yes, Santander Equity Release is 2.19% APRC.
What are Santander interest rates for equity release?
Santander rates for equity release are 2.14% APRC.
Does Santander have excellent reviews for equity release?
Yes, Santander reviews are superb for equity release.
Does the Santander equity release calculator show the loan to value (ltv)?
Yes, the Santander Equity Release calculator shows an excellent loan to value (ltv) of 50%.
Does a Santander equity release advisor charge a substantial fee?
No, Santander Equity Release advisors are free.
Popular retirement loan offerings are Lloyds Bank retirement interest only mortgages, Barclays Bank over 60 mortgages, Post Office over 60 lifetime mortgages, L&G retirement interest only mortgages and Nationwide BS interest only lifetime mortgages.
Some of the most popular loan to value ratios of Lloyds Bank mortgages for people 60 plus, Barclays over 60 lifetime mortgages no fees, Post Office lifetime mortgages for people over 55, Legal & General interest only lifetime mortgages for people over 60, Bank of Scotland equity release schemes for people over 70 and Nationwide mortgages for 60 plus pensioners are 35%, 55% and 70%.
Popular LTV ratios of LV= over 60 lifetime mortgages no fees, More to Life lifetime mortgages for people over 55, One Family interest only lifetime mortgages for over 60s, Yorkshire Bank mortgages for over 70s, Royal London pensioner mortgages over 55 and SunLife mortgages for over 65 are 50%, 60% and 70%.
Some of the most popular loan to value percentage ratios of Standard Chartered interest only mortgages for over 65 year olds, Shepherds Friendly interest only mortgages for over 60s, Churchill equity release schemes for people over 70, Principality Building Society mortgages over 70s, Newcastle Building Society interest only mortgages for over 60s near London and Progressive Building Society mortgages for people 60 plus are 50%, 55% and 65%.
Difficult to finance home types include properties in the course of construction or pre-construction, properties where the owner is set up on a tenancy in common basis, freehold houses and bungalows (England, Wales, Northern Ireland), properties with unregistered titles and properties with leased solar panels.
Difficult to finance home types include difficult roof structures, properties with single skin brickwork where the single skin comprises more than 20% of the surface area of the external walls, large concrete panel systems, coach houses i.e. freehold properties with garages beneath and basement or lower ground floor flats with level access to private or communal garden space.
Tough to finance home titles include flats of less than 30 square metres in any location, properties with flying or creeping freehold which comprises 15% or less of the total floor area, properties without direct access to an adopted highway, properties where there is a self-contained part of the property or annexe, i.e. basement flat etc and properties that have a private water supply provided a contract is in place with an approved maintenance company.
Challenging to mortgage property variants include high service charges, properties without a kitchen or bathroom, properties of non-standard construction, timber buildings and missing planning permission or building regulations approval.