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.”
