Marsden BS launches joint borrower sole proprietor range

Marsden Building Society has launched its first range of joint borrower sole proprietor (JBSP) mortgages.

Related topics:  Mortgages
Rozi Jones
25th April 2019
Steve Robinson Marsden
"We’ve launched our JBSP range with supporting toolkits including criteria and product portfolios so that brokers have access to everything they need"

The JBSP mortgage helps first-time buyers onto the housing ladder if a parent is willing to become a non-occupant borrower.

Marsden’s JBSP range includes three and five-year fixed terms up to 95% LTV with rates from 2.89%.

The products have no booking fee, a free standard valuation up to the value of £500,000 and a £998 arrangement fee.

Steve Robinson, head of lending at Marsden Building Society, said: “There’s a growing appetite for customers wanting to get onto the property ladder, but it can be difficult for first-time buyers to save up enough and be able to afford the mortgage repayments.

"We’ve launched our JBSP range with supporting toolkits including criteria and product portfolios so that brokers have access to everything they need, as well as a guide that answers any questions about our JBSP mortgage range.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.