Example Santander Interest Only Lifetime Mortgage for a UK homeowner
Property Valuation: £202,000
Amount mortgaged: £121,200
The monthly payment: £255.53
Payment holidays: Up to 3 per year
Loan to value: 60%
Interest rate: 2.53% APR fixed for life
Does Santander do Interest Only Lifetime Mortgages?
Yes, Santander does lifetime mortgages at 2.53% APR. Santander Lifetime Mortgages can have a loan to value (ltv) of 65%.
Does Santander offer Equity Release Under 55?
Yes, Santander Equity Release Under 55 is 2.3% MER.
Does Santander do Retirement Mortgages?
Yes, Santander Retirement Mortgages are 2.3% APR.
Does Santander do Pensioner Mortgages?
Yes, Santander Pensioner Mortgages are 1.83% APRC.
Does Santander offer Equity Release?
Yes, Santander Equity Release is 2.2% APR.
What are the current Santander interest rates for interest only lifetime mortgage?
Santander interest rates for interest only lifetime mortgages are 1.81% APRC.
Do Santander have positive reviews for interest only lifetime mortgage?
Yes, Santander reviews are splendid for interest only lifetime mortgages.
Does the Santander interest only lifetime mortgage calculator show the LTV?
Yes, the Santander Interest Only Lifetime Mortgage calculator shows a positive LTV of 70%.
Does a Santander interest only lifetime mortgage advisor charge a large fee?
No, Santander Interest Only Lifetime Mortgage advisors are free.
Some of the most common retirement loan offerings are Lloyds Bank mortgages for people 60 plus, HSBC interest only retirement mortgages for over 70s, Halifax mortgages over 65, L&G pensioner mortgages and Nationwide Building Society later life mortgages.
Common loan to value ratios of TSB pensioner mortgages over 70s, Barclays Bank pensioner mortgages over 70s, Halifax later life interest-only mortgages over 60, Legal and General mortgages for pensioners over 60, Royal Bank of Scotland retirement interest only mortgages over 60 and Nationwide Building Society RIO mortgages over 75 are 35%, 60% and 65%.
Popular LTV percentages of LVE retirement mortgages over 60, More to Life mortgages for people over 50, OneFamily mortgages over 70s, Yorkshire Building Society later life mortgages for over 70s, Principality Building Society over 60 lifetime mortgages and SunLife retirement interest-only mortgages over 60 are 45%, 55% and 70%.
Common LTV percentages of Standard Chartered mortgages for over 65, Direct Line mortgages for people over 50, Sainsbury’s mortgages for 60 year olds, Skipton Building Society later life borrowing schemes over 55, Newcastle Building Society interest only mortgages for over 70s and Progressive Building Society mortgages for 60 plus pensioners are 40%, 55% and 65%.
Hard to mortgage home variants can include poorly maintained at the time of the valuation inspection, age restricted properties, feuhold/freehold properties (including flats) in Scotland, crofted houses and freehold flats (England, Wales, Northern Ireland).
Difficult to mortgage property variants include eco-houses and modern methods of construction, properties with any externally applied insulation to the walls after construction, studio flats located within the M25, privately developed flats in blocks of two storeys without a lift and properties where the flat is accessed via a deck or balcony.
Tough to finance property titles can include properties with outbuildings used for normal domestic purposes, properties converted from modern commercial premises, properties without direct access to an adopted highway, properties that are being used for personal commercial use and properties in coastal areas affected by erosion.
Challenging to mortgage property variants can include high service charges, properties with any kind of structural defect, damp, dry or wet rot, properties of non-standard construction, thatched buildings and Reema Hollow panel, Schindler and Hawksley SGS, Stent, Stonecrete, Stour, Tarran, Underdown, Unity and Butterley, Winget and Woolaway.