More acceptable currencies added to Marsden’s Expat Range

27 July 2018

Just last month in June, Marsden Building Society launched its Expat range to the whole of market for intermediaries and their clients to get full access to Expat Residential and Expat Buy to Let products. This week, the Marsden are making some changes to their acceptable currencies list and accepting Qatari Riyal.

The change allows brokers to submit Expat Residential cases for those customers who have a mortgage for a family occupation and have their income paid in Qatari Riyal. In addition to this, their Expat Buy to Let range allows clients to top up rental income using earned income so the additional currency supports a wider choice for intermediaries to offer their Expat clients.

Marsden Building Society have been lending in this market since 2010 and have built up a wealth of expertise supporting intermediaries and their clients through exclusive distribution channels. With a growing demand for expat clients, The Marsden are widening their proposition to give more intermediaries and their clients access to the Society and the expat buy to let and residential markets.

Heather Crinion, General Manager (Operations) at the Marsden said:

“Marsden Building Society has been lending in this market since 2010 and has built up a wealth of expertise supporting intermediaries and their clients. As part of this, we are constantly evolving and innovating around our expat range and work closely with intermediaries to understand what their expat clients need and any potential barriers that they face. Our decision to introduce Qatari Riyal to our acceptable currency list was as a result of our long term monitoring of the economic market combined with the growing needs of clients who are paid with the Riyal too.”

“We hope that this supports intermediaries to give a wider range of access to their access clients. Our intermediary partners and website have been updated to reflect the recent changes and our Intermediary Support Team are always on hand should brokers need more information around our expat range.”

All product details are available on the Marsden Intermediary site alongside the Expat 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*.