Later Life Mortgage Lending...

 

New later life lending solutions at Border Mortgage Services One of our Top Lenders is saying...

 

As a specialist lender, we recognise that later life lending could be a vital lifeline for borrowers and their families as they enter retirement.

 

To help provide your clients aged 55+ with more options, we offer a range of Later Life, Lending into Retirement and Retirement Interest Only (RIO) mortgage solutions.

 

Raising capital with later life lending

 

We understand that financial priorities change over time. To further support you and your clients, there are a number of scenarios in which borrowers may be able to raise capital against their property with a mortgage from the Marsden.

 

1 Debt consolidation: Some borrowers may use later life lending to manage or pay off existing debt, with a maximum limit of £30,000 with the Marsden.

 

2 Home improvements: As we age, our homes may need adaptations to make them more comfortable and accessible. If grants aren’t available, then our Later Life mortgages could help.

 

3 Gifting to a family member: The ‘Bank of Mum and Dad’ has long been considered a crucial lifeline for younger buyers looking to take those first steps onto the property ladder.

 

4 Purchasing a second or investment home: Whilst this could help provide additional rental income in retirement, we recommend clients seek expert advice before taking on this commitment.

 

5 Lifestyle purchases: From motorhomes to once-in-a-lifetime trips, some clients may wish to use later life borrowing to simply make the most of their retirement.