The Marsden team are on a mission to help
We’re looking at the 2 main mortgage prisoner types that we can offer our lending solutions to. Over the next few weeks, we will walk through the mortgage prisoner scenarios below and let you know how we can help you and your clients.
They have an interest only mortgage currently
Interest only mortgages… great for clients who are looking to keep their mortgage payments down with plans in the future to either downsize, transition to a lifetime mortgage or have identified an alternative repayment vehicle. However, many of these borrowers are finding that as they reach the end of the mortgage, they’re not able to repay or ready to downsize and are finding that they are running out of options.
Your clients are getting older, it happens to the best of us!
For client’s approaching retirement, many lenders won’t extend their terms as proving their affordability is difficult beyond work. Finding a lender, like the Marsden, who are specialists in the retirement market for conventional mortgages allows you to help “free your mortgage prisoners” as they have products tailored for the 55+.
Your BDM: Jacqui Turner
Telephone: 07970 327999
Email: j.turner@themarsden.co.uk
Jacqui, originally from Philadelphia, was previously a mortgage broker and brings years of experience in financial services too. Now living in Yorkshire, Jacqui works hard building relationships with our broker partners.
Or get in touch with our Intermediary Support Team on
01282 440583*
