Example of use of Santander Mortgages For Over 70s in 2022
Property value: £202,000
The amount borrowed: £131,300
Monthly interest payment: £213.36
Loan to value ratio: 65%
Interest rate: 1.95% APRC
Monthly payment holiday options: Up to twice a year
Can you buy a new home with a Santander over 70 mortgage?
Yes, you can move house and buy a new home with a Santander interest only mortgage.
Does Santander offer Lifetime Mortgages?
Yes, Santander does lifetime mortgages at 2.11% APR. Santander Lifetime Mortgages have an LTV of 60%.
Does Santander offer Equity Release Under 55?
Yes, Santander Equity Release Under 55 is 1.93% APR.
Do Santander offer Retirement Mortgages?
Yes, Santander Retirement Mortgages are 1.87% APR.
Does Santander offer Pensioner Mortgages?
Yes, Santander Pensioner Mortgages are 1.93% MER.
Do Santander do Equity Release?
Yes, Santander Equity Release is 1.86% APRC.
What are the current Santander rates for mortgages for over 70s?
Santander interest rates for mortgages for over 70s are 2.12% APR.
Does Santander have favourable reviews for mortgages for over 70s?
Yes, Santander reviews are commendable for mortgages for over 70s.
Does the Santander mortgages for over 70s calculator show the loan to value (ltv)?
Yes, the Santander Mortgages For Over 70s calculator shows the favourable loan to value (ltv) of 65%.
Do Santander mortgages for over 70s advisors charge a big fee?
No, Santander Mortgages For Over 70s advisors are free.
Appealing retirement mortgage products are Lloyds retirement interest only mortgages, HSBC interest only mortgages for people over 70, Halifax pensioner mortgages over 70s, Legal and General mortgages for 60 plus pensioners and Nationwide interest only mortgages for over 60s.
Some of the most popular loan to values of Lloyds interest only lifetime mortgages for over 60s, HSBC mortgages for 60 year olds, Natwest lifetime mortgages for over 55s, Legal and General over 60 lifetime mortgages no fees, RBS interest only mortgages for over 70s and Nationwide Building Society remortgages for people over 50 years old are 50%, 60% and 70%.
Popular loan to value percentage ratios of LV= retirement mortgages over 60, More2Life interest only mortgages for over 70s, One Family interest only lifetime mortgages for people over 60, Yorkshire Building Society mortgages for 60 year olds, Metro Bank later life borrowing schemes over 55 and Axa interest only mortgages for over 70s are 45%, 55% and 70%.
Common LTV ratios of Aviva mortgages for over 50 year olds, Direct Line mortgages for over 50 year olds, Churchill mortgages for over 70s, Coventry Building Society RIO mortgages over 75, Nottingham Building Society interest only lifetime mortgages for over 70s and Progressive Building Society over 60 mortgages are 50%, 60% and 70%.
Hard to mortgage home types can include properties in the course of construction or pre-construction, properties where letting arrangement where the tenancy agreement is not appropriate, feuhold/freehold properties (including flats) in Scotland, properties that are made up of multiple titles and properties with single skin brickwork.
Hard to mortgage property types include properties with post-1945 asbestos or similar composition roof tiles , properties with spray foam insulation applied to the underside of the roof, large concrete panel systems, coach houses i.e. freehold properties with garages beneath and basement or lower ground floor flats without level access to private or communal garden space.
Tough to mortgage home titles can include properties built or converted into dwellings within the last 10 years, properties with flying or creeping freehold which comprises 15% or less of the total floor area, use of the land and any outbuildings for a small amount of personal commercial use., properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties with mobile phone masts which are within influencing distance of the house.
Challenging to mortgage home titles can include properties that will be assessed for flood risk, properties with any kind of structural defect, damp, dry or wet rot, derelict property or where part of the building is in severe disrepair and needs demolishing, mundic homes and concrete panel houses.