Like many financial institutions, Santander might have line of standards to own evaluating an effective borrower's money and you can credit history, that'll vary from the fresh conditions used by building communities and you may other lenders. Which differences usually reflects the newest varying risk appetites and you will lending ideas ranging from higher banks and you will faster building societies.

Yet another improvement area is the variety and you can independence of mortgage activities offered. Santander may provide a wide listing of mortgage options for those people more than 60, also practical installment mortgage loans, interest-merely possibilities, and you may security release techniques.

That it varied portfolio can sometimes give significantly more customized selection than simply reduced lenders or strengthening societies, which can have a minimal product range.

Interest levels and you will charge are a serious section away from testing. Santander's costs for over 60 mortgage loans might may include those people given by the other lenders, dependent on their money provide and you may industry position.

Customer care and you will help are crucial, particularly for more mature individuals which could possibly get enjoy far more customised pointers. Santander's proportions and you may information can offer experts when it comes to entry to, on the web financial business, and customer service. not, particular people might find a far more personal touching whenever speaing frankly about local building societies.