Marsden takes 125bps off their Buy to Let range
18 June 2018
Marsden Building Society relaunches its Buy to Let product range with reducing rates by up to 125bps and extended end dates across its mortgage products. In addition to this, the Buy to Let criteria has also been strengthened to allow earned income to top up the rental income for remortgage business.
With record demands from landlords to remortgage, the Marsden is working to support the demand for Buy to Let remortgage clients with its new product changes and sees the introduction of 2 year discount 65% LTV products at 1.79% and 1.89% up to 75% LTV. In support of the remortgage business there is also a specific 2 year discount remortgage product at 2.49% with a £299 booking fee but no arrangement fees.
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.”
All product details are available on the Marsden Intermediary site alongside the product toolkits and can be found on the main product sourcing platforms. For more information, get in touch with the Marsden Intermediary Support Team on 01282 440583*.
