Positive adds Marsden’s older borrower range to panel

Positive kicked off the campaign yesterday with the addition of Tipton & Coseley Building Society to its specialist lending panel.

Intermediaries who work with Positive Lending will now have access to the Marsden’s older borrower range which offers a conventional mortgage option for clients aged 55+.

The Society recently launched 28 new older borrower products, which includes both interest-only options up to 60% LTV and repayment up to 70% LTV, and spans across two, three and five-year product terms.

Stephanie Charman, Director of Mortgages at Positive Lending, commented: “With the growing need for later life lending options adding Marsden’s older borrower product range to our proposition enables us to provide comprehensive solutions for advisers. Their personal and experienced underwriting approach combined with competitive criteria makes them an ideal lending partner.”

Heather Crinion, General Manager (Operations) at Marsden Building Society, added: “We’re delighted to be joining with Positive Lending to offer access to packaging for our older borrower range. Our older borrower range offers a conventional mortgage option for clients, where a lifetime mortgage may not be the most appropriate for their needs. Our teams individually underwrite each case ensuring a common sense approach is taken for every case. We also encourage advisers to get in touch should they be facing difficulty with a case for an older borrower as we will always go the extra mile to see if we can support.”