Example of Santander Retirement Mortgages for a UK property owner
Property valuation: £166,000
The amount borrowed: £83000
Monthly payment: £149.40
Interest rate: 2.16% APR
Loan to value: 50%
What are Santander interest rates for retirement mortgages?
Santander interest rates for retirement mortgages are 1.88% APRC.
Does Santander have favourable reviews for retirement mortgages?
Yes, Santander reviews are commendable for retirement mortgages.
Does the Santander retirement mortgages calculator show the loan to value (ltv)?
Yes, the Santander Retirement Mortgages calculator shows the favourable loan to value (ltv) of 60%.
Does a Santander retirement mortgage advisor charge a large fee?
No, Santander Retirement Mortgages advisors are free.
Some of the most popular retirement finance offerings are Lloyds interest only mortgages for people over 70, HSBC remortgages for people over 50 years old, Natwest pensioner mortgages, Legal & General equity release schemes and Nationwide Building Society equity release schemes.
Some of the most popular LTV ratios of TSB mortgages for over 50 year olds, Barclays later life mortgages for over 60s, Halifax interest only lifetime mortgages for over 60s, Legal and General lifetime mortgages for over 60s, Bank of Scotland interest only retirement mortgages for over 70s and Nationwide Building Society equity release schemes for people over 70 are 45%, 60% and 65%.
Some of the most popular loan to value percentage ratios of LVE later life borrowing schemes over 55, More to Life interest only mortgages for over 60s, One Family mortgages for over 70s, Yorkshire Building Society mortgages over 65, Metro Bank later life interest only mortgages over 75 and SunLife pensioner mortgages over 60 are 50%, 60% and 65%.
Common LTV percentages of Standard Chartered mortgages over 65, Zurich retirement mortgages over 70, Sainsbury’s mortgages for over 60s, Coventry Building Society mortgages for over 70s, Newcastle Building Society mortgages over 70s and Progressive Building Society later life interest only mortgages over 70 are 50%, 55% and 65%.
Difficult to mortgage home variants include poorly maintained at the time of the valuation inspection, age-restricted properties, right to buy – properties in England, Wales and Northern Ireland, commonhold properties and properties with owned solar panels.
Hard to mortgage home types include timber-framed properties built before 1920, properties with any external treatment applied to the roof after construction, properties with a minimum floor area of 30 square metres, studio flats outside the M25 and freehold flats (England, Wales, Northern Ireland).
Challenging to finance 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, agricultural use of the land and any outbuildings, properties using rooms, land or outbuildings for business purposes which are not personal to the borrower(s) or which extend to more than 50% of the property to be secured and properties that have a private water supply provided a contract is in place with an approved maintenance company for regular testing and maintenance.
Tough to mortgage home titles can include high service charges, properties with any kind of structural defect, damp, dry or wet rot, properties where there are boundary disputes or where planning applications have not been applied for correctly, thatched buildings and Airey, Boot, Cornish Unit, Dorran, Dyke, Gregory, Hamish Cross, Myton, Newland, Orlit and Parkinson Frame.
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