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Santander Equity Release 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?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage 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. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
What About the Santander Equity Release Calculator?
Before you consider using the Santander equity release calculator, please take note.
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About the providers we compare
Most popular reasons for releasing equity
Santander's Equity Release & Lifetime Mortgage Schemes
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Who Are Santander?
L&G equity release mortgages are sold by Santander. .1 Santander has entered into a five-year agreement with Legal and General Home Finance to provide the company’s lifetime mortgages to its own current customers who are having trouble paying off their interest-only mortgage.
Santander UK is big retail and commercial bank established in the United Kingdom that is a wholly-owned subsidiary of Banco Santander, a prominent worldwide bank.
The company’s new goals are in line with Banco Santander’s European strategy, which was revealed in April of this year. They want to be the greatest bank for all of its stakeholders, so they’re focusing on client loyalty, simplicity, increased efficiency, and long-term development.
Santander offers innovative products and services to help individuals and companies succeed, and manages their company via three client business divisions, backed by the Corporate Centre, to deliver high-quality, seamless service throughout their branch network, digital, and telephonic channels.
Their unique worldwide offering gives them access to a wide range of markets while also providing significant experience and insight.
2 Triton Square
NW1 3ANN W 1 3 A N
- Santander Cards UK Limited
- Santander Cards
- GE Capital Bank Limited
FCA Permitted Services
- Other Services
- Financial Conduct Authority
- Financial Services Authority
- FCA Ref Number: 204572
- FCA Reg Number: 1456283
Got Questions About Santander & Lifetime Mortgages? Check These First
Is Santander A Member of the Equity Release Council?
Santander is not a member of the Equity Release Council.
What Are Santander's Interest Rates on Equity Release?
They are 2.99% for the first 12 months. After that, they rise to 3.20%.
Who Owns Santander?
Santander was formed in 2004 after Banesto and Argentaria, two banks based in Spain, were bought by the UK-based bank.
Where is Santander Located?
Santander is a UK-based bank, but it does have operations in the US and Latin America. It has over 150 million customers from all of its countries of operation
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️
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.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.