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Older Borrower Mortgages Marsden Building Society For Intermediaries

New fee-free remortgage products for your clients aged 55+

Published on: 10 June 2024

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We've launched new, fee-free products for your clients aged 55+ who are looking to remortgage in retirement.

New Later Life remortgage products

- FXR969 (Tier 1) Fixed rate of 5.90% to 31/08/26 with a follow-on variable rate of 7.24% to 31/08/29. No booking or arrangement fee.

- FXR970 (Tier 2) Fixed rate of 6.04% to 31/08/26 with a follow-on variable rate of 7.24% to 31/08/29. No booking or arrangement fee.

Tier 1 criteria: Maximum age of 80 at the end of the term and a maximum of 4.5x income multiples.

Tier 2 criteria: Maximum age of 90 at the end of the term or a maximum of 5x income multiples (regardless of age at the end of the term for £-for-£ remortgage cases).

View our Later Life range.

New Retirement Interest Only (RIO) remortgage product

- FXD971 Fixed rate of 6.04% to 31/08/26 with a follow-on variable rate of 7.24% to 31/08/29. No booking or arrangement fee.

View our RIO range.

Got a case in mind?

If you have a question about our products or criteria, or want to talk through a case, contact our Broker Support team who'll be happy to help. 

Please note, products can be withdrawn at any time and without notice.

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