Santander Retirement Mortgages

Santander Retirement Mortgages RIO

  • Remove tax-free money from your property with Santander retirement mortgages
  • You don’t need to make regular monthly payments
  • Use the money to pay off credit cards and loans
  • Continue to stay in your house
  • Can be used to help tax planning
  • Your Requirements

  • Please enter a number from 9000 to 20000000.
  • About You

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Money tied up in home
Home equity Tied Up
home's value
industry body

  • Bridgewater Lifetime Mortgage
  • Canada Life Equity Release Schemes
  • Liverpool Victoria LV Equity Release Schemes
  • NatWest Interest Only Lifetime Mortgage
  • More2Life Flexi Choice Drawdown Lite Plan
  • Liverpool Victoria LV Equity Release
  • Stonehaven Interest Only Lifetime Mortgage
  • TSB Equity Release Schemes
  • NatWest Equity Release Plans
  • Saga Lifetime Mortgage
  • More2Life Flexi Choice Voluntary Payment Super Lite
  • Stonehaven Interest Only Lifetime Mortgage
  • Nationwide Equity Release Schemes
  • TSB Equity Release
  • NatWest Equity Release Schemes
  • Santander Retirement Mortgages
  • Aviva Lifetime Mortgages for Pensioners
  • Stonehaven Equity Release Plan
  • Lloyds Bank Equity Release
  • Saga Equity Release Schemes
  • More 2 Life Capital Choice Plan


UK Providers for Equity Release similar to Santander Retirement Mortgages

  • Age Partnership
  • Stepchange
  • Just Retirement
  • Pure Retirement
  • AIG Life


Equity Release LTV alternatives to Santander Retirement Mortgages

  • 60% monthly payment equity release Royal London Equity Release
  • 45% loan to value lifetime mortgage with flexible drawdown cash release Shawbrook
  • 30% LTV monthly payment equity release Shawbrook


Pitfalls of Equity Release Schemes

Lump sum lifetime mortgages can reduce your estate value. Home reversion schemes may impact ability to get state benefits. You may need to pay an advisor’s fee and some products expose you to changes in interest rates.

The 1st and 2nd charge lender will want to know if the property is a Detached freehold house or a Leasehold house and if the resident is an Owner Occupier Primary Residence.

channel islands
financial services
Pure Retirement - Classic Super Lite Plan
home reversion plans
cash lump sum
equity release advice

Natwest Lifetime Mortgage Over 55

Wealthy business owners who could benefit from equity release tax planning

  • Manufacture of electronic components Newmarket
  • Manufacture of agricultural and forestry machinery other than tractors Whitworth
  • Construction of roads and motorways Leyton
  • Manufacture of wine from grape Ripley
  • Manufacture of lime and plaster Bishops Castle
  • Manufacture of non-electronic measuring, testing etc equipment, not for industrial process control Nailsworth
  • Information technology consultancy activities Fleetwood
  • Manufacture of non-electronic industrial process control equipment Peterlee
  • Production of meat and poultry meat products Shefford
  • Activities of other holding companies n e c Prescot
  • Agents involved in the sale of textiles, clothing, fur, footwear and leather goods North Hykeham
  • Activities of patent and copyright agents; other legal activities n e c Beaminster
  • Accounting and auditing activities Cramlington
  • Renting and leasing of other machinery, equipment and tangible goods n e c New Mills
  • Retail sale of musical instruments and scores Chilton
  • Sale of other motor vehicles High Wycombe
  • Manufacture of central heating radiators and boilers Garstang
  • Renting and leasing of recreational and sports goods Kempston
  • Repair of footwear and leather goods Reading
  • Manufacture of mortars Broughton-in-Furness
  • Manufacture of weapons and ammunition Wood Green


Areas where retirement mortgages are popular

  • Horley
  • Wellington
  • West Bromwich
  • Henley-in-Arden
  • Uxbridge
  • Bodmin
  • Halewood
  • Whittlesey
  • Nelson
  • Louth
  • Sprowston
  • Buxton
  • Thatcham
  • Yeovil
  • Teignmouth
  • Hedge End
  • Beaminster
  • Newport Pagnell
  • Kettering

Natwest Lifetime Mortgage On Second Property

Hard to finance home types 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, commonhold properties and properties with leased solar panels.

Some of the most common retirement loan offerings include Lloyds Bank later life mortgages, Barclays Bank mortgages for people over 50, Post Office RIO mortgages, Legal and General help to buy for over 60s and Nationwide retirement mortgages.

Difficult to mortgage property types can include Timber-framed properties constructed post-1965, properties with any external treatment applied to the roof after construction, steel frame/clad properties built before 1990, former local authority flats and properties where the flat is accessed via a deck or balcony.

Common LTV percentages of TSB pensioner mortgages over 60, Barclays pensioner mortgages over 60, Halifax interest only mortgages for over 65 year olds, L&G later life mortgages for over 70s, Bank of Scotland later life interest only mortgages over 70 and Nationwide Building Society interest only mortgages for over 70s are 50%, 55% and 70%.

Challenging to finance home variants include properties with land in addition to the domestic grounds up to a maximum property size of five acres, where the land is for normal domestic use, properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, grades l and ll* Listed Buildings in England & Wales (Grades A and B in Scotland; A, B+ and B1 in Northern Ireland), properties that have solar farms or a large number of wind turbines on the land and properties with mobile phone masts which are within influencing distance of the house.

Tough to mortgage property variants include properties built on contaminated land, properties with any kind of structural defect, damp, dry or wet rot, properties with structural problems, thatched buildings and concrete panel houses.

Equity release loan to value?

You can achieve 70% of your home’s value. For example, if your house is worth £350000 you can get £245000.

Crown Mortgages
Legal and General Retirement Mortgages

Pure Retirement Drawdown Lifetime Mortgages

It’s very regular to encounter people looking for lumpsum lifetime mortgages, monthly payment life time mortgage or monthly payment equity release, however, Lifetime Mortgage from L&G like Royal London Equity Release are keen to see evidence of your personal circumstances in the form of pension statements.

Equity Release percentages of your current property value

The more elderly you are and the unhealthier you are the more tax free money you can release.