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Marsden Building Society
Marsden Building was founded in 1860 with branches across the North West of England. They share the mutual goal with their members, “to create those special moments in life.”
The Society offers fixed and discounted rate RIO’s for homeowners aged 55+ where the maximum loan is 65% of the property’s value (LTV). The loan can be used for property purchase or remortgage and the minimum loan size is £30,000, whilst the maximum is £1,250,000. The minimum acceptable property value is £150,000.
Marsden will use your pension income to access affordability. The minimum income must be £17,500 and in the case of joint applications, both applicants must have the necessary income to repay the monthly interest repayments.
Do the high street banks offer lifetime mortgages?
The ‘big' high street banks - that is Halifax, Barclays, Lloyds, HSBC, Santander, Royal Bank of Scotland (RBS) and Nationwide don’t currently offer lifetime mortgages or equity release plans themselves.
Call us anytime
We understand that with different options to choose from, it can be difficult to find the right lifetime
mortgage plan provider for you. That’s why our team of expert and impartial advisers are on hand to answer
all your questions and find the right solution for you.
It costs nothing to give us a call and the first and only person you’ll speak to is your local adviser.
That’s because we don’t have call centres. Just highly qualified and experienced advisers ready to help you.
