Santander Equity Release (Jan 2022)

Santander Lifetime Mortgage Review

Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui

Are You Considering Santander Equity Release? What are the Pros, Cons & Costs? Discover If Santander Lifetime Mortgage Schemes are for You.

Before You Start Reading...

Let's See How Much You Can Release 👇

 

Equity Release Calculator

Value of Your Home?

50000

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Santander Review

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release provider with all the choices available.

Or is it?

Is Santander equity release the best?

The companies we profile, are the best in the business to help you unlock the cash tied into your home.

We’re here to help you:
Let’s find out NOW!

As experts in the equity release field (we’ve reviewed more than 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.

Is Santander the ideal equity release loan company to assist you and your family?

What’s Equity Release?

An equity release mortgage (See What’s Equity Release?) is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care.  We’ve summed up the most important information about the topic in this quick video.

Who Are Santander?

L&G equity release mortgages are sold by Santander.1 Santander has entered into a five-year agreement with Legal & General Home Finance to provide the company’s lifetime mortgages to its existing customers who are having trouble paying off their interest-only mortgage.

What About the Santander Equity Release Calculator?

Before you consider using the Santander calculator, please take note.

Our providers can almost always match & BEAT any existing equity release quote that you find through Santander. So first use this calculator below & see how much you can release.

How Much Can You Release?

Use the FREE Calculator 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

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It's VERY FAST and, takes just 8 seconds

Why Consider Santander?

Why Consider Them?

Santander Equity Release Pros & Cons

Santander Pros

  • Equity release at 2.21%.
  • Free valuation fee
  • No monthly payments unless you prefer interest-only
  • Continue to live in your home and retain 100% ownership
  • You can still move home as Equity Release is transferable
  • Santander offers home equity line of credit, with no closing or application fees, to homeowners looking to take advantage of the equity they’ve accumulated in their home.

Santander Cons

  • lack of resources and small geographical coverage
  • They feature attractive options for people with high savings balances, but are less convenient for borrowers with shakier financial histories.
  • Santander has basic tools on their website, including an online application, mobile app, and home equity calculator. However, it is missing important information, like interest rates and similar specific details. Common complaints include a confusing online banking service and unhelpful customer service representatives.
Editor’s Rating: 4.67
santander

Santander's Equity Release Plans & Lifetime Mortgage Schemes

Are you looking for a specific equity release scheme? These are some of the schemes offered or covered by Santander.
Product Name Type Interest Rate The interest rate is the cost of borrowing the principal. APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan.
Product Name Type Interest Rate The interest rate is the cost of borrowing the principal. APR The APR includes not only the interest expense on the loan but also all fees and other costs involved in procuring the loan.
  • No Schemes Listed Yet

Not what you're looking for?

Have a look at all the equity release schemes available on the market, with our easy-to-use table or compare the equity release rates!

Santander is a major retail and commercial bank in the UK and is a wholly-owned subsidiary of Spanish multinational financial services company Banco Santander. The bank was established in 2010, after Abbey National combined with the savings business and branches of Bradford & Bingley. Alliance & Leicester merged into Santander in May of the same year.

The company’s new goals are in line with Banco Santander’s European strategy. Its aim is to be the greatest bank for all of its stakeholders, focusing on client loyalty, simplicity, increased efficiency, and long-term development.

Santander offers innovative products and services to help individuals and companies succeed. It manages its company via three client business divisions, backed by the Corporate Centre, to deliver high-quality, seamless service throughout its branch network, digital, and telephonic channels.

The bank’s unique worldwide offering gives it access to a wide range of markets while also providing significant experience and insight.

FCA Address

2 Triton Square
Regent’s Place
London
NW1 3ANN W 1 3 A N
UNITED KINGDOM

Trading Names

Current

  • Santander Cards UK Limited
  • Santander Cards

Previous

  • GE Capital Bank Limited

FCA Permitted Services

  • Insurance
  • Investments
  • Other Services

Regulators

  • Financial Conduct Authority
  • Financial Services Authority

Registration Numbers

  • FCA Ref Number: 204572
  • FCA Reg Number: 1456283
FCA Link: FCA Link

Santander Info

Got Questions About Santander & Lifetime Mortgages?

Is Santander A Member of the Equity Release Council?

What Are Santander's Interest Rates on Equity Release?

Who Owns Santander?

Where is Santander Located?

Conclusion

So here’s the scoop – our intention is to help you by finding the best Santander lifetime mortgage so that you can spend the money on something that you really want, rather than on a high tax bill.

Before You Go...

Let's See How Much You Can Release 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

As Featured In
yahoofinance marketwatch

Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
john lawson profile.jpg

Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.
francis

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
kath icon

Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.
nicola

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

See How Much You Can Release 👇

Use the QUICK form below.

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast. Takes Just 8 Seconds.

As Featured In
yahoofinance marketwatch