CHARGE: Getting Older

As your clients approach arguably “the better years” there are many that find themselves turned away from existing lenders on the basis that they’re over the age of 55 and are only offered a limited mortgage term. Affordability for an older client isn’t always straightforward

BAIL: Marsden lending solutions

Marsden’s lending solutions for older clients which allow “Mortgage Prisoners” to free their cuffs by offering the following:

• A tailored product range
  We have a tailored 55+ range that is built around the needs of an Older Borrower
• An Older Borrower toolkit
  As well as our portfolio, we also have an older borrower toolkit which includes AIP forms, application forms and criteria to help support you and your client in submitting a case.
• A 55+ affordability calculator
  We’re experts in lending to the 55+ and because of this we’ve built specific 55+ affordability calculator which takes into consideration the lifestyle of an older applicant.