Marsden Building Society cuts rates

Michael Lloyd

June 25, 2019

Marsden Building Society has reduced fixed rate mortgages across its full product range for residential, later life, expat and first-time buyer clients.

For later life clients, Marsden has launched 2, 3 and 5-year fixed rate products for clients who are aged 55 and over, as well as a 2-year product to its Retirement Interest-Only (RIO) range.

Heather Crinion, general manager (operations) at the Marsden, said: “We want to make it easier for our intermediaries to find a product that works for their client, that’s why we’ve not only refreshed our products, but also introduced a simplified portfolio for intermediaries, moving individual portfolios for each of our lending areas into one easy-to-use document.”

Marsden’s residential and first-time buyer options include reduced fixed rates across its family step, joint borrower sole proprietor (JBSP) range and lower deposit residential ranges, removing booking and arrangement fees across its first-time buyer products.

For expat clients wishing to purchase a UK home from overseas, additional fixed rate products have been added to the portfolio which can be taken out on 2, 3 and 5-year terms.

The Marsden has also introduced a simplified product portfolio, where intermediaries can access the full product range from one ‘new-look’ document, which it said makes it easier to find the right product for their clients’ needs.

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