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

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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 mortgages?

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 a 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, they are great mortgage guides.

Get a mortgage with monthly repayments

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. The ageing population have a decent amount of home equity ready to release.

Mortgage experts will help you with monthly outgoings and the impact of bad credit

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%.

High street lenders traditional mortgages for personal circumstances

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%.

A mortgage for over 60s to pay other debts

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%.

Most lenders, building society advisors and big banks will accept a joint mortgage application for home improvements.

A good deal with your existing lender?

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.

You will be stopped from getting lump sums for other lenders as older applications will need to give the lender a 1st charge on the home.

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.

A debt secured on your main residence?

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.

A new mortgage from different lenders for older borrower with regular income state pension

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.