Our Older Borrower range is designed to support your later life clients with a mortgage in retirement.

But how do they work…?

Our Older Borrower products work just like a conventional mortgage product; however, we accept applicants from the age of 55 to 85, with a maximum term based on the oldest client’s age at application.

We can offer your clients interest only or repayment up to 60% LTV with a minimum loan size of £30,000, a maximum loan size of £750,000 and a minimum property value of £150,000. We’ll accept downsizing as a repayment vehicle but have a minimum equity requirement based on where your client lives.

Your clients will need a minimum income of £17,500 – and that’s for a single or joint application. There’s no dual stress on joint incomes for our Older Borrower range and we accept a variety of different incomes such as pension, investment and rental income.

Our Older Borrower range includes 2-year discount and fixed rate products starting from 1.79% (DSR934) and 2.29% (FXR663) respectively. It also includes fixed terms to 31.03.25 for your clients who’d like to secure their rate for longer with rates starting from 2.79% (FXR666).

Visit www.themarsden.co.uk/intermediaries to find out more about our products and criteria, or if you have any questions contact your BDM Katie Broome.