Positive Lending add Marsden’s older borrower range
Positive Lending has added Marsden Building Society’s older borrower products to its lending portfolio.
Intermediaries who work with Positive Lending will have access to Marsden’s older borrower range which includes a conventional mortgage option for clients aged 55 and over.
Stephanie Charman, director of mortgages at Positive Lending, said: “With the growing need for later life lending options adding Marsden’s older borrower product range to our proposition enables us to provide comprehensive solutions for advisers.”
Heather Crinion, general manager (operations) at Marsden Building Society, added: “We’re delighted to be joining with Positive Lending to offer access to packaging for our Older Borrower range.
“Our older borrower range offers a conventional mortgage option for clients, where a lifetime mortgage may not be the most appropriate for their needs.”
The society has recently launched 28 older borrower products including both interest-only options up to 60% LTV and repayment up to 70% LTV; spanning across 2, 3 and 5-year product terms.