Overview

Lending solutions…

For your Later Life clients

For your later life clients, the Marsden have two ranges; Older Borrower & Retirement Interest Only (RIO).

Older Borrower products work just like a conventional mortgage; however they’re designed to support your clients aged 55+ looking to borrow in retirement. They offer repayment and interest only products, with the opportunity for your client to use downsizing as a repayment vehicle.  There is no dual affordability on their Older Borrower product range.

RIO mortgages are available to applicants aged 55+ who are looking for an interest only mortgage with no plans to downsize and who wish to remain in their home. They are available on an interest only basis, so your client will need to be able to afford the monthly interest payments throughout the mortgage term (individually if applying for a joint mortgage), but they will not pay back the loan itself until a life event occurs, for example, going into long-term care or passing away.

For your Expat clients

The Marsden’s Expat Residential range gives UK citizens residing overseas the opportunity to purchase a UK residential property for their family to live in. Or, if your clients are looking to invest, the Marsden can support with their Expat Buy to Let range, giving UK citizens residing overseas the chance to buy a property in the UK to let out.

What can you expect from the Marsden?

The Marsden pride themselves on delivering high-quality service, individual underwriting and a range of products.

What can you expect when you place a case with the Marsden?

Donna Barclay, Head of Credit at the Marsden said…

“We appreciate that not all cases are straightforward so our dedicated teams review each application on an individual basis and have access to key decision makers, as and when they need it.

"We don’t work on a ‘computer says no’ basis; we know that every mortgage is different and that’s how we look at it. There is no credit scoring when you place a case with us. Your clients are not just a number and we know that a credit score isn’t always straightforward.

"We ensure we have a range of products in our niche lending areas to meet your client’s needs and although we don’t lend in Scotland or Northern Ireland, we have no regional lending restrictions.”

Get in touch

The Marsden have a dedicated support team who are more than happy to answer any questions you may have about their products and criteria. Please get in touch by calling 01282 440583 or visiting our Website.