Marsden Building Society has relaunched a new 95% loan to value (LTV) residential mortgage product.

It is priced at 4.99% to 30 April 2030.

Available on a repayment basis, the 95% LTV residential product is free of credit scoring, offers free valuations of properties up to £500,000 and legal assist available on remortgage cases.

In addition, it comes with no 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 relaunch this product into our intermediary portfolio, specifically designed for homeowners seeking higher LTV residential lending.

“This offering caters to a range of clients, from first-time buyers to remortgage cases, which we hope will equip mortgage advisers with more lending options for their clients across England and Wales.”