Buy-to-letNews

Marsden reduces buy-to-let range

Marsden Building Society has relaunched its buy-to-let product range, reducing rates by up to 1.25% and extended end dates across its mortgage products.

In addition the lender has altered its buy-to-let criteria to allow earned income to top up the rental income for remortgage business and has launched a 2-year discount 65% LTV products at 1.79% and 1.89% up to 75% LTV.

In support of the remortgage business there is also a specific 2-year discount remortgage product at 2.49% with a £299 booking fee but no arrangement fees.

Steve Robinson, head of lending at the Marsden, said: “We work closely with our intermediary partners to understand what they need to support their clients.

“We are always reviewing our lending solutions to ensure we’re delivering on our products, criteria and service support for intermediaries and their clients.

“Our recent release of expat buy-to-let products to whole of market supports those living outside of the UK and renting their homes out highlights our extending support in the buy-to-let market.”

“Alongside this, our buy-to-let positioning is strengthened with competitive products reducing our existing pricing by 125bps as well as developing our criteria to allow earned income to top up the rental income for remortgage business.”

 

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