Marsden BS supporting first time buyers and later life lending with refreshed products
27 February 2018
Today, the Marsden has refreshed its entire Residential and Older Borrower range reducing rates up to 40bps, adding new fixed rates and simplifying the product options.
Marsden Building Society has remained committed to the later life conventional lending market by simplifying its Older Borrower mortgage product range and launching reduced rates across 17 products offering choices for those looking to borrow up to £750,000 with options for product periods up to 3 years.
Rob Pheasey, Chief Executive at the Marsden said, “There is a growing demand for interest only lending in retirement which is supported by our Older Borrower range. We launched the range in 2015 and have continued to innovate to support borrowers over the age of 55 in their mortgage needs.
“This product launch sees the rates reduced across the portfolio as well as a new addition of a 3 year discount which permits unlimited overpayments and no early repayment charges and offering increased flexibility that some borrowers may need. We remain committed to the market and offer competitive options for interest only clients in retirement up to 60% LTV.”
Alongside the changes to their Older Borrower range, Rob also noted;
“We have also strengthened our standard residential range with a specific focus on first time buyers with 2 and 3 year fixed rates now available.”
The products launch on sourcing systems and the Marsden Intermediary website www.themarsden.co.uk/intermediaries today. If you have any questions, please get in touch with the Marsden team on 01282 440583 or visit their website for more information.
