Marsden BS launches exclusive mortgage range via SimplyBiz

Marsden Building Society has released new mortgage products across two of its ranges, available exclusively to SimplyBiz Mortgages members.

The mortgages have been designed for clients aged 55+ and feature in both Marsden’s lending into retirement and later life ranges. They feature two and five-year fixed rate products starting from 4.99% at 60% LTV, and free valuations on properties up to £1,000,000.

Marsden's recently launched lending into retirement offering is designed specifically for applicants who are still working but require a mortgage term that runs into retirement. The mortgage products are available to homeowners aged between 55 and 70 who aren’t receiving a pension at the point of application. The maximum age at the end of the mortgage term is set at 80.

Makayla Everitt, head of SimplyBiz Mortgages, commented: “We have a long and mutually supportive relationship with Marsden Building Society and are pleased to be able to offer this range of exclusive products to our members, who are already very active in these lending areas. We know the products will be well received and will support the solutions our members find for their clients, extending their options and meeting a wider range of needs.”

Heather Crinion, operations director at the Marsden, added: “We’re excited to launch a range of exclusives with SimplyBiz Mortgages across our newly launched lending into retirement range, and our existing later life range. The products, designed specifically for those aged 55+, offer more options for those looking to borrow in and into retirement, supported by the Marsden’s individual approach to underwriting and expertise in the later life space.”