Guernsey Later Life mortgages

Eligibility

There is a range of eligibility criteria you’ll need to meet for our Later Life mortgage range. SPF will be able to talk you through this in more detail, but as a guide, you could be eligible for a Later Life mortgage with the Marsden if;

• You’re looking to borrow at least £30,000
• You’re looking to borrow a maximum of £2,500,000*
• Your property is worth at least £200,000
• You’re looking to borrow up to 60% LTV
• You have an annual income of at least £17,500 (whether you’re applying on your own, or jointly)
• You or your partner (if joint) are aged 55 or over
• You’re a Guernsey resident

*Maximum loan amount unless otherwise stated. 

Please note, if you are 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.

Your home may be repossessed if you do not keep up repayments on your mortgage