Marsden BS launches new 95% LTV mortgage range

Marsden Building Society has launched two new 95% LTV residential mortgage products, with rates starting at 4.99%.

The 4.99% rate is a five-year fix, while a discount product also available at 5.59%.

The new 95% LTV residential products benefit from no credit scoring, free valuations of properties up to £500,000 and legal assist available on remortgage cases. Additionally, both products have no booking or arrangement fees.

The maximum loan amount is £500,000 and the mortgaged property must have a minimum value of £100,000. 

Donna Barclay, head of lending at Marsden Building Society, commented: “We’re excited to announce this latest addition to our intermediary portfolio, designed specifically for clients looking for higher LTV residential lending. From first-time buyers with a smaller deposit to homeowners remortgaging to borrow more with a higher LTV, we hope to equip mortgage advisers with more lending options for their clients across England and Wales.”