Marsden BS reduces expat resi product count

Ryan Bembridge

August 28, 2018

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.”

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