Marsden BS revamps older borrower range with 40bp cuts

The Marsden has simplified its older borrower mortgage product range and launching 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.

It has also launched new two and three-year fixed rates across its residential range, with a specific focus on first-time buyers.

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 three-year discount which permits unlimited overpayments and no early repayment charges and offering increased flexibility that some borrowers may need. 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 two and three-year fixed rates now available.”