Santander Equity Release and Lifetime Mortgage

Compare Santander Equity Release with other big lenders or insurance companies

Equity Release from Santander UK

  • No monthly repayments
  • Still, have a mortgage? – no problems
  • Use the money to help out your family or for anything you like
  • Keep your home
  • Tax-free monthly payment to you or a cash lump sum
  • You don’t need to be an existing Santander customer
  • Your Equity Release Requirements

  • About You

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Homeowner Finance


Interest only lifetime mortages


Home reversion

Santander equity release schemes

Santander offers low-risk excellent value financial products.  The may not provide a complete range of programmes as they are very diverse.  Types of products include Interest-only lifetime mortgage deals, drawdown, lump sum, voluntary repayment and Ill-health plans.

Paperwork to show income if  a mortgage is a better option than equity release:

Loan companies such as Central Trust, Paragon Personal Finance or Equifinance often accept proof of monthly income with:

  • Wage slips
  • accounts
  • payslips
  • Proof of pension income

Common examples of Low credit score

Loan companies such as Prestige Finance, Paragon Personal Finance or Together Finance can often loan to people with

  • ccj’s
  • Late payments
  • Missed Payments
  • Discharged Bankrupts
  • Defaults

Choosing second charge secured loans or 2nd mortgages

It’s usually a lower overall cost to get a secured loan than a remortgage.

Term of loans available with MBS Lending

  • Two years
  • 30 years
  • 28 years

Remortgaging costs

  • early repayment fee
  • product fee
  • application fees
  • completion fee

Finding help when you need a 2nd mortgage

  • finance advisor
  • broker

It is usual to find people looking for bad debt mortgage broker, adverse credit mortgage lenders UK or mortgage bad credit UK however home loan lenders like Coventry are keen to see evidence of monthly income in the form of payslips, universal credit letters or pay stubs.

Mortgage Loan to Value (LTV)

It’s very regular to discover people searching for a mortgage loan to value of 50%, 55% or even as much as 95% however its hard to get 90%.  It depends on your age and if your under 55 or not.

Finding help when you need a fast remortgage

It is common to find individuals seeking out remortgage for people with bad credit, remortgages for people with bad credit or remortgage lousy credit score however secured loan lenders like Post Office Mtgs are keen to see proof of income in the form of bank statements, DWP letter or DWP letter.

Charges for secured loans

  • completion fee
  • redemption charges

Lenders terms and rates for the Main residence including for lousy credit

  • Interest-only mortgages Hodge
  • Buy to let mortgages Foundation Home Loans
  • Discounted rate mortgages Platform BTL

The lender will want to know if the property is a Detached freehold house or a Leasehold flat and if the occupier is an Assured shorthold tenancy tenant.

Age criteria for bad credit home purchase loans:

The lenders below can be flexible with age requirements:

Getting help when it’s necessary for quick remortgage

It’s common to encounter individuals searching for best remortgages for lousy credit, remortgage broker terrible credit or bad credit mortgages, however mortgage lenders like HSBC Direct are keen to see proof of monthly income in the form of p60s, universal credit letters or DWP letter.

Types of equity release

Depending on your circumstances and your needs, there are many options for equity release.  Drawdown or Lump sum is very popular, but some people prefer an interest-only lifetime mortgage or retirement mortgage with the opportunity to make some voluntary repayment contributions.  It’s very different if you have Ill health or you require a Home reversion.  There are some options for Equity Release Under 55 too, but this type of equity release is different

Santander UK plc. Registered Office: 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. Telephone 0800 389 7000. Calls maybe recorded or monitored. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054.