Marsden BS enhances retirement interest-only proposition

The Society has introduced free valuations and fee assisted legals to the range.

Related topics:  Later Life,  Marsden BS
Rozi Jones | Editor, Financial Reporter
8th May 2025
Marsden Building Society window

Marsden Building Society has enhanced its retirement interest-only (RIO) products with two additional features.

RIO customers can now benefit from free valuations across all cases and fee assisted legals on remortgage cases. 

These latest changes follow a number of recent criteria updates to help provide more flexibility and accessibility to clients aged 55+ seeking mortgages in retirement. 

The previous updates included the acceptance of 55+ retirement properties (referral required for a flat or a mixed private/social housing development), second homes for family members and large acreage properties.

Katie Broome, product manager at Marsden Building Society, commented: “We understand the increasing need for flexible and affordable solutions that support those who require a mortgage in later life. Whether they’re taking out a mortgage to release equity or to help a family member get onto the property ladder, we work closely with our broker partners to better understand the needs of our borrowers. We hope that these extra additions will help make a RIO mortgage more accessible for clients.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.