Brokers prompt Marsden to revamp older borrower range
Marsden's Intermediary team has made further changes to its older borrower range after feedback from mortgage intermediaries.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The Marsden has released a new product portfolio with extended end dates, changes to fees and more interest-only fixed rate products.
Steve Robinson, Head of Lending at Marsden Building Society said:
“We continue to review the product range as it is new to the Society, intermediaries and their clients. Therefore, feedback we receive from brokers helps shape our products further and offers increased opportunities to a largely, unsupported market.
“Older Borrowers face certain obstacles to borrowing - the right lender can help. Our approach is that older borrowers should have access to a mortgage should they pass our affordability checks and we deem it responsible to lend.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
FCA confirms new incident reporting and third party rules