Perform Santander Pensioner Mortgages possess a good reviews?
Like many banking institutions, Santander may have distinct criteria for comparing a great borrower’s earnings and you can credit score, which could differ from brand new conditions used by building societies and you can most other loan providers. Which distinction tend to shows the brand new different chance appetites and you may lending ideas ranging from highest financial institutions and you can faster building societies.
A new difference urban area is the range and you may independence away from mortgage factors considering. Santander may provide a greater selection of financial alternatives for those people more sixty, as well as basic repayment mortgage loans, interest-only alternatives, and you will collateral launch techniques.
It varied portfolio can sometimes give far more customized alternatives than just shorter loan providers or building societies, which can enjoys a far more limited range of products.
Rates of interest and you can charges are also a life threatening section away from evaluation. Santander’s cost for more than 60 mortgages you will range from people considering from the other lenders, influenced by their resource provide and sector updates.
Customer service and service are very important, especially for old borrowers exactly who get appreciate way more customised suggestions. Santander’s size and you may resources can offer positives regarding the means to access, on the internet financial organization, and you will customer care. But not, some users will dsicover an even more personal contact whenever speaing frankly about regional building societies.
When you are Santander’s more 60 mortgage choices show similarities that have those of most other Uk lenders and you may building communities, differences in eligibility requirements, range of products, interest levels, fee structures, customer service, and you will organisational ethos would a distinct consumer borrowing sense. (suite…)