Like many banking institutions, Santander may have collection of standards having contrasting an effective borrower’s earnings and you may credit history, which will vary from the newest criteria used by building societies and almost every other loan providers. This differences have a tendency to shows brand new differing risk appetites and you can lending concepts ranging from higher finance companies and you can reduced strengthening societies.

Another type of distinction town ‘s the diversity and you can freedom out of financial affairs given. Santander may possibly provide a broader range of mortgage options for those over sixty, together with basic installment mortgages, interest-simply solutions, and you may collateral release techniques.

That it diverse collection can sometimes render so much more tailored alternatives than simply faster lenders or strengthening societies, which can has a far more minimal product range.

Interest levels and charge also are a critical area from comparison. Continue Reading »