PROMOTION Could your home support your retirement? Release equity from your home with a Retirement Interest Only (RIO) mortgage from the Marsden a branch. From initial enquiry to full application, the process is managed by their experienced mortgage team who /hether it's to carry out home improvements or support your V V lifestyle, if you're looking to release equity from your home, you may can explain eligibility requirements as well as the next steps should you decide to proceed to application. "As Lancashire's largest building society, we've been helping our members to own their own homes since 1860, in the property. Steve Robinson, Head of Lending at Marsden Building Society said Ihe number of people looking to take out a mortgage in retirement is increasing - and for many different reasons. Not only are we living for longer, but our financial needs are changing too. Retirement Interest Only mortgages are just one of the solutions we can offer to those looking to borrow in retirement. "With a Retirement Interest Only be interested in a Retirement Interest Only mortgage. Retirement Interest Only mortgages (known as RIO for short) are available so we understand what's important when looking for a mortgage provider. Steve added. 'As a responsible lender, it's not just about the help you receive when arranging your mortgage, but throughout the life of the mortgage too. With 160 years under our belt, you can be confident that we'll be here to help.' . to those aged 55 or over who are looking to release equity from their property but want to remain in their own home with no plans to downsize. An alternative to equity release, the interest on a RIO mortgage is paid mortgage, you must be able to afford the monthly interest payments throughout monthly, with the interest payments maintained throughout the mortgage term. This means that the capital loan isn't paid back until a life event occurs, for example, the last remaining borrower (if joint) going into long-term are or passing awa. Because you're paying the interest off the loan monthly, there's no interest roll-up which means the amount repayable when the life event occurs is the cost of the original capital loan, helping to protect the remaining equity the mortgage term, and if you're applying jointly, you'll need to be able to afford them individually. "We have other criteria that borrowers will need to meet too for example, minimum income and minimum marsden property values, but our mortgage advice is free of charge and we pride ourselves on our straight-forward approach. Ifa product isn't right for you, we'll tell you. Taking out a mortgage with the Marsden can be done entirely over the phone, so there's no need to visit BUILDING SOCIETY To find out more about taking out a mortgage with the Marsden, visit themarsden.co.uk or call 01282 440537 YOUR HOME MAY BE REPOSSESSEDF YOU DONOT KEEPUP REPAMENTS ON YOUR MORTGACE. Aons by te Puderta egiaton Atrorty and mgans by te Frandal Cordut Atorty andme Prudrta Regton Amorty Regied in the Firanci Services Pgster under na 20000 Mandan Bdng Sooenysamenber of he Bading Soceties Anocation the Firancia Services Compersation Scheme and ne Franc Orbudman Servon. Pncos Ofce6 20Rsel Set Nelon tarcastee Be0 . Ca be corded and nay be nontoed FPgra4 PROMOTION Could your home support your retirement? Release equity from your home with a Retirement Interest Only (RIO) mortgage from the Marsden a branch. From initial enquiry to full application, the process is managed by their experienced mortgage team who /hether it's to carry out home improvements or support your V V lifestyle, if you're looking to release equity from your home, you may can explain eligibility requirements as well as the next steps should you decide to proceed to application. "As Lancashire's largest building society, we've been helping our members to own their own homes since 1860, in the property. Steve Robinson, Head of Lending at Marsden Building Society said Ihe number of people looking to take out a mortgage in retirement is increasing - and for many different reasons. Not only are we living for longer, but our financial needs are changing too. Retirement Interest Only mortgages are just one of the solutions we can offer to those looking to borrow in retirement. "With a Retirement Interest Only be interested in a Retirement Interest Only mortgage. Retirement Interest Only mortgages (known as RIO for short) are available so we understand what's important when looking for a mortgage provider. Steve added. 'As a responsible lender, it's not just about the help you receive when arranging your mortgage, but throughout the life of the mortgage too. With 160 years under our belt, you can be confident that we'll be here to help.' . to those aged 55 or over who are looking to release equity from their property but want to remain in their own home with no plans to downsize. An alternative to equity release, the interest on a RIO mortgage is paid mortgage, you must be able to afford the monthly interest payments throughout monthly, with the interest payments maintained throughout the mortgage term. This means that the capital loan isn't paid back until a life event occurs, for example, the last remaining borrower (if joint) going into long-term are or passing awa. Because you're paying the interest off the loan monthly, there's no interest roll-up which means the amount repayable when the life event occurs is the cost of the original capital loan, helping to protect the remaining equity the mortgage term, and if you're applying jointly, you'll need to be able to afford them individually. "We have other criteria that borrowers will need to meet too for example, minimum income and minimum marsden property values, but our mortgage advice is free of charge and we pride ourselves on our straight-forward approach. Ifa product isn't right for you, we'll tell you. Taking out a mortgage with the Marsden can be done entirely over the phone, so there's no need to visit BUILDING SOCIETY To find out more about taking out a mortgage with the Marsden, visit themarsden.co.uk or call 01282 440537 YOUR HOME MAY BE REPOSSESSEDF YOU DONOT KEEPUP REPAMENTS ON YOUR MORTGACE. Aons by te Puderta egiaton Atrorty and mgans by te Frandal Cordut Atorty andme Prudrta Regton Amorty Regied in the Firanci Services Pgster under na 20000 Mandan Bdng Sooenysamenber of he Bading Soceties Anocation the Firancia Services Compersation Scheme and ne Franc Orbudman Servon. Pncos Ofce6 20Rsel Set Nelon tarcastee Be0 . Ca be corded and nay be nontoed FPgra4