Santander Equity Release

Are You Considering Santander Equity Release for Your Senior Years?
Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui
Are You Looking at Equity Release with Santander? Discover the Pros & Cons of Santander & Everything You Need to Know About It. Read This to Decide if Santander Is the Right Option for You.

Before You Start Reading…

How Much Can You Release? 👇

 

Equity Release Calculator

Value of Your Home?

50000

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Are you wondering if Santander equity release could be for you?

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

Or is it?

What You’ll Learn in This Article:

    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?

    This website (SovereignBoss) is not related to, or a part of Santander. The views in this article are our own & may not relfect those of Santander.

    What’s Equity Release?

    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.

    Who Are Santander?

    L&G equity release mortgages are sold by Santander.

    Santander has entered into a five-year agreement1 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 Calculator Below 👇

     

    Equity Release Calculator

    Value of Your Home?

    50000

    Drag me

    100% Safe & Fast

    Featured In
    yahoofinance marketwatch

    Why Consider Santander?

    Santander Reviews & Ratings

    How Did We Review Santander?

    We reviewed Santander by gathering all the latest information available about it.

    Our review of Santander is independent, and we are not affiliated with it.

    Santander Equity Release Complaints

    If you’re unhappy with your experience and would like to make a complaint then the best way to do this is reach out directly on their website.

    They care about their customers and will forward you to the relevant department.

    The alternative is to use a review site such as Trustpilot or Feefo and leave a review, and they’ll quickly reach out to you to assist.

    Pros & Cons

    Pros

    • Equity release at 2.21%.
    • Free valuation fee2.
    • 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.

    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 Equity Release Interest Rates

    Are you looking for a specific equity release scheme?

    Have a look at all the equity release schemes available on the market,

    What Are Santander’s Fees?

    Santander fees may include an application fee.

    Annual interest can be available from as low as 4% to 7%.
    View the most current rates here
    .

    It may also offer you a free valuation; however, sometimes providers charge for this depending on your plan.

    Learn More About Santander

    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 strategy3.

    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 Details

    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 (FCA)4
    • Financial Services Authority Now the Prudential Regulation Authority (PRA)5

    Registration Numbers

    • FCA Ref Number: 204572
    • FCA Reg Number: FC038020

    FCA & Companies House Link

    Santander Contact Number & Address

    • +44 1908 216674
    • customerservice@santander.co.uk
    • 2 Triton Square, Regent’s Place, London NW1 3AN

    Got Questions

    Is Santander a Member of the Equity Release Council?

    What Are Santander's Interest Rates on Equity Release?

    Who Owns Santander?

    Santander Jobs

    Where is Santander Located?

    Does Santander Do Equity Release?

    Is Santander Equity Release Safe?

    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 decide if Santander equity release is suitable for you, you should chat with your financial adviser to make sure.

    Additional Reading:

    Before You Go…

    Use the FREE Calculator Below 👇

     

    Equity Release Calculator

    Value of Your Home?

    50000

    Drag me

    100% Safe & Fast

    Featured In
    yahoofinance marketwatch

    Editor’s Note: The information contained in this website is for general information purposes only & while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. This content has been independently collected by the SovereignBoss team and is offered on a non-advised basis. View our editorial guidelines.

    Spotted a Mistake? Let us know here.