In total, the Society has added over 40 new products with changes to their pricing, increased their lending capacity for both fixed and discount products and launched new 3 year product terms.
Steve Robinson, Marsden’s Head of Lending, said:
“The most significant changes are introduced across our residential range, introducing lower pay rates and widening our higher loan to value range with products now available up to 95%LTV.
"Our aim was to make our Older Borrower range more accessible for brokers. We have removed our age limit of 85, broadened the portfolios from 6 to 28 products giving brokers and their clients more choice when it comes to later life lending. We continue to innovate with our Older Borrower range, it’s an underserviced market and so it’s important to raise the awareness of the conventional mortgage options available to support later life lending. We believe that there needs to be a wider range of options available for these borrowers and are hopeful that our new range will do just that and be well received by our intermediary partners and their clients.”
