Marsden Building Society cuts rates

For later life clients, Marsden has launched 2, 3 and 5-year fixed rate products for clients who are aged 55 and over.

Marsden Building Society cuts rates

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.