Marsden adds new expat, older borrower and residential products

Michael Lloyd

August 1, 2018

The Marsden Building Society has added products across it’s expat, older borrower and residential ranges which sees a rate reductions, a change to arrangement fees as well as introducing some 3-year products too.

Recently The Marsden changed criteria so brokers can now submit expat residential cases for those customers who have a mortgage for a family occupation and have their income paid in Qatari Riyal.

Steve Robinson, head of lending at the Marsden, said: “We continually review and develop our intermediary positioning to ensure that mortgage brokers have full access to competitive product rates, fees and product terms that fit client requirements.”

“Our new products see a widening of our interest-only residential products for 2 and 3-year terms, introducing a fixed rate option for our expat residential and more variable options across our older borrower and expat buy to-let ranges.”

It’s 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.

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