Marsden Building Society has reduced its expat residential product options from seven or two – which it claimed has ‘simplified’ the process.
The two remaining products are up to 80% LTV and give intermediaries the choice between a 3-year discount at 2.99% and a 3-year fixed at 3.49%.
There is £300 cashback on completion for remortgage cases.
Heather Crinion, general manager, operations, at the Marsden said: “We’ve simplified the product sets across our expat residential range with two products suitable up to 80%, the decision to do this is supported by a review of the clients we support in this market and working with the feedback we get off intermediaries too.
“The new simplified portfolio offers a range of expat solutions whilst making sourcing easier for intermediaries looking to support their expat clients.
“In July, our expat residential enquiries increased by 80% highlighting a growing demand in this market.
“We’re continually innovating our expat ranges to support intermediaries in their expat business, recent changes have seen introduction to expat products to all intermediaries, a re-introduction of Qatari Riyal to our accepted currencies and product portfolio changes.”