Does Santander Offer Equity Release?
Santander does not offer equity release or lifetime mortgages in the UK.
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What happens next
- Fill in the form (2 minutes).
- We'll match you with the right specialist for your situation.
- A specialist independent broker will contact you to discuss your options.
Important: Equity release is a long-term commitment and will reduce the value of your estate. It may affect entitlement to means-tested benefits. Independent financial and legal advice is required. The specialist brokers we work with source plans from Equity Release Council approved lenders. Your home may be repossessed if you do not maintain required payments on a secured loan.
About Does Santander Offer Equity Release
If you are looking for a Santander equity release product, it does not exist. What does exist is our independent introduction service - we introduce Santander customers and everyone else to equity release specialists who are qualified to advise them.
The options available
Santander Does Not Offer Equity Release
Santander UK focuses on standard mortgages, savings, and current accounts. They do not have specialist equity release products and refer customers who enquire to independent specialists.
Santander Standard Mortgages
Santander does offer standard mortgages to older borrowers - up to age 75 at application for some products, with end-of-term to 80. These are standard repayment or interest-only products, not equity release.
Aviva - The Alternative
Aviva is the most established equity release lender with 25+ years of experience. A trusted alternative to Santander for customers who want financial institution credibility.
Legal & General Home Finance
Award-winning equity release provider - both lifetime mortgage and RIO products available.
The Full ERC-Approved Market
16+ specialist ERC-approved lenders are available through the equity release specialists we introduce, who can find the right one for your specific circumstances.
Independent Introductions
We are not affiliated with any lender. We introduce you to specialist advisers who can recommend what is right for your situation.
How It Works
From Santander to specialist
Santander customers seeking equity release are in the right place. We introduce you to specialists in the market that Santander does not serve.
Specialist comparison
The specialist considers ERC-approved equity release lenders.
Illustration and legal advice
KFI from the most appropriate lender. Independent solicitor required.
Completion
Typically 4-8 weeks.
Speak to our later life lending specialists
Call 0204 6211776 · Introductions to later life lending specialists
Frequently asked questions
Does Santander do equity release?
No - Santander does not offer equity release or lifetime mortgages in the UK. For equity release, you need a specialist broker providing access to ERC-approved equity release lenders. We introduce you to equity release specialists who provide that access.
I have a Santander mortgage - does that limit my equity release options?
No - an existing Santander mortgage does not limit your equity release options. The equity release lender will repay the outstanding Santander mortgage at completion. Any remaining equity release proceeds are available to you.
Can Santander extend my mortgage instead of equity release?
Santander offers standard mortgage extensions in some cases, but their later life lending is more limited than specialist providers. For permanent interest-only without a repayment deadline, a Retirement Interest Only (RIO) mortgage from LiveMore or Hodge is a better option.
What's the best equity release alternative to Santander?
Aviva and Legal & General are the two most established and trusted alternatives for Santander customers seeking equity release - strong brands with long track records and award-winning customer service. An equity release specialist can compare these and other ERC-approved providers to find the best overall plan for your circumstances.
Can I keep my Santander current account if I take equity release?
Yes - equity release does not affect your current account, savings, or any other banking relationship with Santander. The equity release is a separate secured loan against your property.