55+ Mortgages

Eligibility

There’s a range of eligibility criteria you’ll need to meet for our 55+ retirement mortgage range. As a guide, you could be eligible for a 55+ retirement mortgage with the Marsden if:

• You’re looking to borrow at least £30,000
• You’re looking to borrow a maximum of £750,000
• Your property is worth at least £150,000
• You’re looking to borrow up to 60% LTV on a repayment or interest only basis
• You’re at least 55 years old (for joint cases, only one applicant needs to be 55 or over)
• You have an annual income of at least £17,500 (whether you’re applying on your own or jointly)

Please note, if you’re looking to borrow against your home for a variety of reasons (home improvements for example), depending on the amount of the loan advance, documented evidence may be required to support the loan purpose.

If you’d like to apply for a mortgage with us, our team of UK-based advisors are on hand to help. They can give you more details about our products, walk you through the application process and carry out an Agreement in Principle (AIP) over the phone.

To find out more, please call 01282 440500 or request a call back on this page. Our advisors are available Monday to Friday from 9:00am to 4:45pm.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE