The Marsden reduces buy-to-let rates by up to 125bps

Marsden Building Society has reduced buy-to-let rates by up to 125bps as part of a criteria revamp which will also allow earned income to top up the rental income for remortgage business.

Related topics:  Mortgages
Rozi Jones
18th June 2018
Marsden Building Society
" Our buy-to-let positioning is strengthened with competitive products reducing our existing pricing by 125bps as well as developing our criteria to allow earned income"

New remortgage products include a two-year discounted product at 1.79% up to 65% LTV and 1.89% up to 75% LTV.

The Marsden has also launched a two-year discount remortgage product at 2.49% with a £299 booking fee but no arrangement fees.

Additionally, the Society has extended the end dates across its mortgage products.

Steve Robinson, head of lending at the Marsden, said: “We work closely with our intermediary partners to understand what they need to support their clients. We are always reviewing our lending solutions to ensure we’re delivering on our products, criteria and service support for intermediaries and their clients. Our recent release of expat buy-to-let products to whole of market supports those living outside of the UK and renting their homes out highlights our extending support in the buy-to-let market.

“Alongside this, our buy-to-let positioning is strengthened with competitive products reducing our existing pricing by 125bps as well as developing our criteria to allow earned income to top up the rental income for remortgage business.”

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