Example Santander Lifetime Mortgage
Property value: £226,000
Amount of money released: £124,300
Monthly payment: zero/optional
Initial loan to value: 55%
Interest rate: 2.48% APRC
Does Santander do Lifetime Mortgages?
Yes, Santander do lifetime mortgages at 1.95% APRC. Santander Lifetime Mortgages can have an LTV of 55%.
Does Santander do Equity Release Under 55?
Yes, Santander Equity Release Under 55 is 2.22% MER.
Does Santander offer Retirement Mortgages?
Yes, Santander Retirement Mortgages are 1.92% APRC.
Does Santander offer Pensioner Mortgages?
Yes, Santander Pensioner Mortgages are 2.14% APRC.
Does Santander offer Equity Release?
Yes, Santander Equity Release is 2.21% APRC.
What are the current Santander interest rates for lifetime mortgage?
Santander rates for lifetime mortgage are 2.26% MER.
Does Santander have positive reviews for lifetime mortgages?
Yes, Santander reviews are commendable for lifetime mortgages.
Does the Santander lifetime mortgage calculator show the loan to value (ltv)?
Yes, the Santander Lifetime Mortgage calculator shows a positive loan to value (ltv) of 75%.
Does a Santander lifetime mortgage advisor charge a substantial fee?
No, Santander Lifetime Mortgage advisors are free.
Appealing retirement mortgage products are Lloyds Bank RIO mortgages, HSBC mortgages for over 65, Post Office mortgages for pensioners, Legal and General mortgages for pensioners and Nationwide Building Society mortgages for 60 plus pensioners.
Popular LTV percentages of Lloyds Bank interest-only mortgages for over 65 year olds, HSBC lifetime mortgages for people over 55, Halifax interest only lifetime mortgages for people over 60, L&G interest only retirement mortgages for over 70s, Bank of Scotland mortgages for pensioners over 60 and Nationwide mortgages for over 60s are 45%, 60% and 70%.
Some of the most popular loan to value percentages of Liverpool Victoria mortgages for over 60s, More 2 Life equity release schemes for people over 70, OneFamily interest only mortgages for over 60s, Yorkshire Building Society equity release schemes for people over 70, Metro Bank retirement interest-only mortgages over 75 and Axa over 60 lifetime mortgages no fees are 50%, 60% and 70%.
Popular LTV percentages of Standard Chartered interest only lifetime mortgages for people over 60, Shepherds Friendly over 60 lifetime mortgages, Leeds Building Society interest only retirement mortgages for over 70s, Principality Building Society equity release plans for people over 60, West Bromwich Building Society mortgages for pensioners over 60 and National Counties Building Society later life mortgages for over 60s are 50%, 55% and 65%.
Hard to mortgage home variants can include poorly maintained at the time of the valuation inspection, age-restricted properties, leasehold properties (England, Wales, Northern Ireland) subject to a lease length of 160 years, commonhold properties and properties owned under any form of shared equity scheme.
Difficult to finance home types can include timber-framed properties built before 1920, properties with spray foam insulation applied to the underside of the roof, properties constructed or converted within the past 10 years, freehold/feuhold flats (Scotland only) and properties where the flat is accessed via a deck or balcony.
Challenging to mortgage property titles can include properties with land in addition to the domestic grounds up to a maximum property size of 5 acres, where the land is for normal domestic use, properties converted from commercial premises, use of the land and any outbuildings for a small amount of commercial use., properties that have solar farms or a large number of wind turbines on the land and properties in coastal areas that may be affected by erosion.
Challenging to mortgage home variants include properties built on contaminated land, properties without a kitchen or bathroom, the property is uninhabitable, cob property and properties that has never been registered with the land registry.