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Santander to break the mould with launch of lifetime mortgages in 2015
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You are here: Home - News -. Santander is overhauling its length of term and maximum age criteria for residential and buy-to-let BTL mortgages. Share This Article. Owain Thomas. There are 0 Comment s. You may also be interested in. Email Newsletter Sign up for our newsletter. Family Building Society - a year in the making Aug 11, Brokers must start talking to clients now rate rises Aug 11, By Mark Banham.
Santander slashes highest borrowing rate - but still no joy for 'mortgage prisoners'
Santander will extend the maximum interest-only mortgage lending age from 65 to 70 from next Tuesday 7 February. The new policy applies to customers who choose to have any part of their mortgage as interest-only.
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Retired and stuck on an interest-only mortgage?
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Santander will now help borrowers switch to a lifetime mortgage with rates starting at just 2. This is Money's mortgage service can help. Interest due on the lifetime mortgage rolls up into the capital and, on the sale of the property or death of the borrower, the amount outstanding is repaid to the lender.
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For current account rewards and interest conditions may apply eg. Share or comment on this article: Santander borrowers can switch from interest-only to a lifetime mortgage with rates starting at just 2. Toggle Search. Drone-struck state owned oil giant Saudi Aramco finally Bristol proposes a ban on ALL diesel cars and a House prices barely moved in October as annual growth Lloyds Bank creates inheritance mess for hundreds of Boots saw sales fall over summer amid 'challenging' Owner of luxury brands Louis Vuitton, Dior and Givenchy HSBC's interim boss announces plans to shake up bank Comments 31 Share what you think.
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