Retirement Mortgages

A mortgage in retirement isn't out of bounds!

In fact, you could apply for a mortgage to buy a new home, remortgage an existing property or release funds to help children or grandchildren onto the property ladder.

“There’s lots of reasons why people take out a mortgage as they approach or enjoy retirement. Some want to transfer their current mortgage; others want to improve their home or buy an investment property, such as a holiday home, or provide financial support to loved ones.”

“We have a range of products for those looking to borrow into or in retirement, and as a specialist lender, we have an experienced team to support you every step of the way.”

Donna Barclay, Head of Lending

You could apply for a mortgage with the Marsden if:

You're looking to borrow at least £30,000 and no more than £1,250,000
Your property is worth £150,000 or more
You'd like to borrow up to 70% LTV on a repayment or interest-only basis
You're aged 55 to 85, or for joint cases, one applicant needs to be 55 plus
You have an annual income of at least £17,500 - whether you're applying on your own or jointly.

Approaching retirement?

Couple take a selfie on the beach after securing a Lending into Retirement mortgage with the Marsden

We could help

Our Lending into Retirement range could be right for you if you're looking to take out a mortgage in the run up to retirement.

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Already retired?

Retired lady enjoys a cup of tea after applying for a retirement mortgage with Marsden Building Society

A range of options available

We could help with a Later Life mortgage or a Retirement Interest Only (RIO) mortgage if you're already retired and looking to borrow.

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About the Marsden

Founded in 1860, we're a mutual building society based in Lancashire. We pride ourselves on the customer service we deliver and were named 'Customer Service Champion' at the 2024 British Bank Awards.

We help customers with a range of saving and mortgage products, with online savings accounts available and specialist mortgages for those in later life. You can find out more about us on the 'About us' section.

Find out more

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

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