Marsden Building Society has launched two new residential mortgage products at 95% loan to value (LTV).

These new rates start at 4.99%.

The Marsden’s pair of new products are:

• FX018: Fixed rate of 4.99% to 30/06/29 with a variable follow-on rate of 6.44% to 30/06/30.
• DS223: Discount rate of 5.59% to 31/01/28 with a variable follow-on rate of 6.44% to 31/01/30.

Neither products have booking or arrangement fees

DETAILS

Available on a repayment basis, the new 95% LTV residential products benefit from no credit scoring, free valuations of properties up to £500,000 and legal assist available on remortgage cases.

Neither products have booking or arrangement fees.

The maximum loan amount is £500,000 and the mortgaged property must have a minimum value of £100,000.

Donna Barclay, head of lending at Marsden Building Society, said: “We’re excited to announce this latest addition to our intermediary portfolio, designed specifically for clients looking for higher LTV residential lending.

“From first-time buyers with a smaller deposit to homeowners remortgaging to borrow more with a higher LTV, we hope to equip mortgage advisers with more lending options for their clients across England and Wales.”