Example of a Santander Over 60 Mortgage for a UK property
Property valuation: £206,000
The amount borrowed: £123,600
The monthly payment: £218.36
Loan to value: 60%
The interest rate: 2.12% APRC
What are Santander interest rates for an over 60 mortgage?
Santander rates for over 60 mortgages are 1.87% APR.
Does Santander have favourable reviews for over 60 mortgage?
Yes, Santander reviews are commendable for an over 60 mortgage.
Does the Santander over 60 mortgage calculator show the loan to value?
Yes, the Santander Over 60 Mortgage calculator shows the favourable loan to value of 65%.
Does a Santander over 60 mortgage advisor charge a substantial fee?
No, Santander Over 60 Mortgage advisors are free.
Many of the most appealing retirement mortgage products are Lloyds retirement interest only mortgages, HSBC over 60 lifetime mortgages, Natwest equity release schemes, Legal and General retirement interest only mortgages and Nationwide mortgages for people over 50.
Popular LTV percentages of Lloyds later life interest only mortgages over 70, HSBC interest only retirement mortgages for over 70s, Halifax mortgages for people 60 plus, L&G mortgages for over 70s, Royal Bank of Scotland lifetime mortgages for people over 55 and Nationwide BS later life interest only mortgages over 75 are 45%, 55% and 70%.
Popular LTV percentages of LV= remortgages for people over 50 years old, More to Life later life interest only mortgages over 75, One Family retirement interest only mortgages over 75, Yorkshire Building Society later life mortgages for over 70s, Principality Building Society mortgages for people over 50 and Sun Life equity release plans for people over 60 are 45%, 60% and 70%.
Popular LTV ratios of Standard Chartered interest only mortgages for over 60s, Zurich later life interest only mortgages over 75, Sainsburys retirement mortgages over 70, Skipton Building Society retirement mortgages over 60, Nottingham Building Society mortgages for 60 year olds and Cumberland Building Society equity release schemes for over 55’s are 35%, 60% and 70%.
Hard to finance property variants can include properties currently undergoing substantial alterations, extensions or repairs, properties where the ownership is set up on a tenancy in common basis, feuhold/freehold properties (including flats) in Scotland, properties with unregistered titles subject to these being registered as part of the legal process and properties with single skin brickwork.
Hard to mortgage property types include pre-fabricated reinforced concrete (PRC), properties with spray foam insulation applied to the underside of the roof, steel frame/clad properties built before 1990, former local authority flats and basement or lower ground floor flats without level access to private or communal garden space.
Challenging to mortgage home variants include grade ll Listed houses (grade C in Scotland and B2 in Northern Ireland), properties with grounds in excess of five acres, 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 adversely affected by existing or proposed issues including roads, rail, airports, power plants, power lines/pylons, wind turbines, sub stations, sewage works, quarries, fuel stations, refuse sites, sports grounds, noise, light or environmental pollution.
Tough to mortgage property titles include high service charges, properties close to mining works, areas of landfill, areas of recent flooding or subsidence, properties of non-standard construction, mundic homes and concrete panel houses.
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