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TODAY'S OTHER NEWS

Marsden BS release new mortgage deals, including an ‘older product range’

Marsden Building Society has launched more than 40 new mortgage products, which includes a number of new deals aimed at buy-to-let investors and older buyers.

Aside from the new products, the lender has also made changes to their pricing, increased their lending capacity for both fixed and discount products and launched new three-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.”

In an effort to make their older borrower range more accessible for brokers, Marsden has removed its age limit of 85.

“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,” said Steve Robinson, Marsden’s head of 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,” he added.

There are a number of benefits available to borrowers across all product sets, including free standard valuation for properties and fees assisted remortgage legals when using the Marsden’s nominated legal firm. All products are fully portable, offering the borrower the chance to make 5% annual overpayments.

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