The Marsden cuts 125bps off buy-to-let offering

Published on

The Marsden Building Society has relaunched its buy-to-let product range, reducing rates by up to 125bps and extending end dates across its mortgage products.

Its buy-to-let criteria has also been strengthened to allow earned income to top up the rental income for remortgage business.

The new range also sees the introduction of two-year discount 65% LTV products at 1.79% and 1.89% up to 75% LTV.

Meanwhile, there is also a specific two-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.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...