The Marsden launches a 5-year fixed expat buy-to-let
Marsden Building Society has added new products across it’s expat, older borrower, retirement interest-only and residential ranges including a 5-year fixed expat buy-to-let product.
There’s also a combination of changes to term end dates.
Steve Robinson, head of lending at the Marsden, said: “We’ve done a full refresh of our mortgage range and reviewed where our Lending Solutions support intermediaries best. As part of this, we’ve introduced a 5-year fixed expat buy-to-let product, to meet a growing demand in this market.
“As well as this, we’ve widened our lending solutions with a short-term mortgage within our standard residential range.
“Following feedback from brokers looking for an alternative to bridging, we’ve introduced a product with a maximum of 2-year product term on interest only and has no early repayment charges which is available up to 60% LTV.
“We were finding many intermediaries looking for options for their clients who are in the process of buying and potentially need a short-term mortgage. This is a new initiative that we’re trialing in the market and welcome feedback from brokers and their clients.”