Marsden Building Society

 

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Older Borrowers

Our Older Borrower range offers a conventional mortgage option for your clients, where a lifetime mortgage may not be the most appropriate for their needs.


Our products ensure that age is no longer an issue for borrowers who have retired and are in receipt of pension income, allowing them access to a mortgage for their home.

 

Eligibility:

  • Applicants aged 55-85
  • Interest Only and Repayment options available
  • Income based on Pension, Property and investments
  • Minimum property valuations from £150,000
  • Property must be main residence

Features:

  • Interest only or repayment available up to 60% LTV.
  • If the loan is interest only, affordability is stressed on interest only.
  • Downsizing accepted as a repayment vehicle.
  • Fixed and discounted rates available
  • House purchase, remortgage and additional borrowing if required.
  • Spend the money released from the home on whatever you choose
  • Early Repayment Charges for only 2 or 3 years- product dependent

Get in touch... 
 
We're a friendly bunch and are always willing to help, if you have a tricky case or just want to say hello, please get in touch with our Intermediary team

Call:                 01282 440583
Email:              intermediaries@themarsden.co.uk
Website:         www.intermediaries.themarsden.co.uk

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