Marsden refreshes residential and older borrower products

Michael Lloyd

February 27, 2018

The Marsden has refreshed its entire residential and older borrower range – reducing rates by up to 0.40%, adding fixed rates and simplifying the product options.

The society has simplified its older borrower mortgage product range and launched reduced rates across 17 products, offering choices for those looking to borrow up to £750,000 with options for product periods up to three  years.

Rob Pheasey, chief executive at the Marsden said: “There is a growing demand for interest only lending in retirement which is supported by our older borrower range.

“We launched the range in 2015 and have continued to innovate to support borrowers over the age of 55 in their mortgage needs.

“This product launch sees the rates reduced across the portfolio as well as a new addition of a 3 year discount which permits unlimited overpayments and no early repayment charges and offering increased flexibility that some borrowers may need.”

The products are on sourcing systems and the Marsden Intermediary website

Pheasey added: “We remain committed to the market and offer competitive options for interest-only clients in retirement up to 60% LTV.

“We have also strengthened our standard residential range with a specific focus on first-time buyers with 2 and 3-year fixed rates now available.”

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