We're here to help
Telephone icon 01282 440583 *

Later Life Mortgages

Older Borrower Mortgages Marsden Building Society Intermediaries

Our Later Life mortgages work like a conventional mortgage, however, they're designed to support your clients aged 55+ who want to borrow in retirement.

Last updated 05 August 2024.

Product portfolio

For our latest rates, please get in touch with our team by emailing intermediaries@themarsden.co.uk or calling 01282 440583.

Key criteria

Key criteria for our Older Borrower range:

  • Available to those aged 55+
  • Interest only or repayment up to 70% LTV
  • Earned income considered up to age 75
  • Minimum property value £150,000
  • Downsizing accepted as a repayment vehicle

 

View our full Later Life criteria.

Useful downloads

Downloads to help you apply:

 You can find more forms and checklists on our Downloads page.

*Please note: When downloading the Affordability Calculator, you'll need to save the file into a trusted location (for example, your personal folders, not 'downloads') to ensure maximum accessibility.

Our minimum equity requirement is subject to underwriter's discretion.

For joint applications we will accept both incomes, earned or pension income, so we assess just like a conventional mortgage. Please note cases are subject to income multiples of 4.5x income and earned income is subject to a maximum age of 75 or retirement age, whichever comes sooner.

You can find an AIP form on our ‘Downloads‘ section. Please complete the editable PDF and email it to intermediaries@themarsden.co.uk. The team will then assess it and contact you with the outcome. Please check our ‘Service standards’ page to see our current AIP turnaround times.

Later Life FAQs
Faqs

Later Life FAQs

Service standards
Service Standards

Service standards

How to apply
How To Apply

How to apply

Contact us
Messages

Contact us

Watermark of a rose

Sign up to our
e-newsletter

Sign up to our newsletter for the latest product updates, exclusives and news. For more information about how we protect your data, please visit our Privacy page.

Your FCA Number