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31st July 2015 - Launch of Lending to the Retired Range
Marsden Building Society has released a portfolio of Retired mortgages. The new portfolios ensure that age is no longer an issue and that borrowers who have retired and are in receipt of pension income are able to access a mortgage for their home.
Steve Robinson, Head of Lending at Marsden Building Society said: “Marsden Building Society is taking an innovative approach to lending and extending their services to a specific market demand. Research from the Society highlights the demand from our intermediary channels and the Marsden have aligned accordingly. As a lender, it’s important that we meet the needs of our members both present and future and that age should not be a barrier if we deem it responsible to lend to them.”
The Society’s new portfolio demonstrates its ability to adapt to the ever-changing mortgage market and Marsden is amongst a handful of lenders who are willing to lend in this market.
Heather Crinion, General Manager (Operations) said: “We appreciate that our brokers may have some questions with the portfolio being new, we are encouraging them to get in touch and speak to our intermediary team to discuss criteria and answer any questions that they may have.”