Marsden BS launches sub-5% 95% LTV mortgage
The Society has relaunched its 95% LTV mortgage product at 4.99%.
Marsden Building Society has launched a new 95% LTV residential mortgage product, with a fixed rate of 4.99% until 30th April 2030.
The 95% LTV residential solution benefits from no credit scoring, free valuations of properties up to £500,000 and legal assist available on remortgage cases. Additionally, it comes with 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 relaunch this product into our intermediary portfolio, specifically designed for homeowners seeking higher LTV residential lending. This offering caters to a range of clients, from first-time buyers to remortgage cases, which we hope will equip mortgage advisors with more lending options for their clients across England and Wales.”
Last week, Nationwide launched sub-5% rates for first-time buyers as well as existing and new customers moving home at 95% LTV.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote