Marsden BS launches 23 new residential and older borrower products

Marsden Building Society has refreshed its residential and older borrower product range with 18 new discount older borrower products and five new residential rates.

Related topics:  Mortgages
Rozi Jones
12th June 2017
Marsden Building Society
"We had a high amount of interest in our April product launch and many of those products remain available alongside our new ones too."

Marsden will maintain its product set up to 95% LTV for residential and has amended its minimum property value on older borrowers to £150,000.

Residential rates now start from 1.69% at 60% LTV, rising to 1.49% at 85% LTV, 1.79% at 90% LTV and 2.79% at 95% LTV.

Older borrower rates start from 2.29% at 40% LTV, 2.39% at 60% LTV, and 2.69% at 70% LTV. Older borrower products have no booking fee and a £998 or 0.5% arrangement fee dependent on loan size.

Marsden are working with their intermediary partners to roll the product and criteria changes out across the market. Brokers also have access to Marsden’s Intermediary Business Managers as well as the Support Team to discuss any questions surrounding criteria, product and affordability.

Heather Crinion, General Manager (Operations), said: “We had a high amount of interest in our April product launch and many of those products remain available alongside our new ones too. There are 18 new discount older borrower products and 5 new residential products too. In addition to this, we have amended our minimum property value on older borrowers to £150,000 to simplify the product range.”

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