Mortgages in or approaching retirement

By Lancashire Business View

17 Aug 2018

steven-robinson-marsden-building-society.jpg
There are many reasons behind the growing demand for mortgages from customers over the age of 55.

By Steven Robinson, head of lending, Marsden Building Society

Difficulty remortgaging

Some customers find their existing lender won’t extend their interest-only mortgage when it comes to the end of its term.

Planning to downsize

With plans to downsize in the future, some individuals may face barriers to continuing their mortgage into retirement.

The Bank of Mum and Dad

Increasingly, one of the most popular lenders when it comes to supporting family is customers over the age of 55.

Whether mum, dad or grandparent, they want to release money from their own home to help a loved one buy their first home, fund university or purchase a first car.

Home improvements

Money can be released from a mortgage to invest in existing property.

Planning for the present

With many years paying off their mortgage and having plans to downsize in the future, some customers are opting to release the funds now to finally take that ‘holiday of a lifetime’ with plans in the future to downsize and pay off their mortgage.

Marsden Building Society has been delivering mortgages since 1860 and we have developed our 55+ mortgage range to support with the circumstances above - and many others! The Marsden’s 55+ mortgage range offers a conventional mortgage that can be taken into or in retirement as an alternative to a lifetime mortgage. Our expert team is on hand to give you free advice to give you more information or simply let you know if it would work for you and your circumstances.

Latest news

1

J.J.Sandham take home three awards at Wyre Business Awards Winners at the Wyre Business Awards 2024

J.J.Sandham take home three awards at Wyre Business Awards

13 Nov 2024

2

NLTG make transition to become a Community Interest Company Gareth Lindsay

NLTG make transition to become a Community Interest Company

13 Nov 2024

3

BAE Systems order book continues to take-off BAE Systems 1

BAE Systems order book continues to take-off

12 Nov 2024

4

Protecting your business when going through divorce Donna Amos new

Protecting your business when going through divorce

12 Nov 2024

5

Lancaster’s The Design Attic expands with new business venture Matthew Brown. Photo by Steve Barber

Lancaster’s The Design Attic expands with new business venture

12 Nov 2024

PC PrestonMacan GIF980x120
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
The Lancashire Festival of Business
FOB 315
Exhibitions
30 Jan 2025

The Lancashire Festival of Business

Impact Conferencing, Burnley, BB12 6QP

09:00 - 16:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Skills Bootcamp in Procurement - Cohort 2
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Seminars
15 Oct 2024 - 17 Dec 2024

Skills Bootcamp in Procurement - Cohort 2

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

mBITfor transformative leadership and coaching
mBIT coach Practitioner.png.png
LBV Hub Seminars
14 Nov 2024 - 17 Nov 2024

mBITfor transformative leadership and coaching

Unlocking Possibilities training venue, 166 Waterloo Road , Blackpool, FY4 2AF

09:00 - 17:00

The Business Network Central & East Lancashire
LBV Header (14).png.png
LBV Hub Networking
14 Nov 2024 - 14 Nov 2024

The Business Network Central & East Lancashire

Mytton Fold, Blackburn, BB2 7NP

11:30 - 14:15

Avidly Activates UK 2024 - Activate your customer-driven sales and marketing
avidly activates audience having a good time.jpg.jpg
LBV Hub Networking
14 Nov 2024

Avidly Activates UK 2024 - Activate your customer-driven sales and marketing

Everyman Cinema, Holmes Mill, Clitheroe, BB7 1EB

10:00 - 16:00

LBV119 Magazine Launch Event
DSC9389
Networking
20 Nov 2024

LBV119 Magazine Launch Event

Stonyhurst College, Clitheroe, BB7 9PT

16:00 - 18:00

North West HR Employers Forum
CBP-logo LBV.png.png
LBV Hub Seminars
20 Nov 2024 - 20 Nov 2024

North West HR Employers Forum

Wham Stadium, Accrington Stanley, Livingstone Road, Accrington, BB5 5BX

09:00 - 12:00

Live Work Create: Building Community In The Modern World
Live-Work-Create-Building-Community-1024x1024.png.png
LBV Hub Networking
20 Nov 2024

Live Work Create: Building Community In The Modern World

Society1 Coworking Space, Preston, PR1 3LT

18:00 - 20:00

Emergency First Aid at Work
Chamber Logo1.png.png
LBV Hub Seminars
21 Nov 2024

Emergency First Aid at Work

FGH Training, 3rd Floor, Storey House, White Cross Business Park, Lancaster, LA1 4XQ

09:00 - 05:00

Blackburn & Darwen Youth Zone Quiz Returns for 10th Year!
Quiz Pic.jpg.jpg
LBV Hub Fundraisers
21 Nov 2024 - 21 Nov 2024

Blackburn & Darwen Youth Zone Quiz Returns for 10th Year!

Accrington Stanley Football Club, Accrington, BB5 5BX

17:00 - 20:30

SPARK The Apprenticeship Marketplace
UCLanAerialCampus.jpg.jpg
LBV Hub Networking
21 Nov 2024 - 21 Nov 2024

SPARK The Apprenticeship Marketplace

University of Central Lancashire, Preston, PR1 2HE

09:30 - 13:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV118 Online Graphic
Subscribe now

Weekly news bulletin