Marsden increases maximum LTVs on expat mortgages

Marsden Building Society has increased the maximum loan-to-value (LTV) on selected residential mortgage products for expats. 

Buyers can now borrow up to 85% LTV on selected residential repayment mortgages, up from the previous limit of 80%.

This latest update follows several criteria changes to Marsden's residential expat range to help make expat mortgages more accessible, including accepting British national overseas persons, foreign nationals and applicants with skilled worker visas (formerly T2 visas). 

In addition to the increased LTVs, the Society offers free valuations on expat residential cases up to £500,000 and fee-assisted legals on remortgage cases. 

Donna Barclay, head of mortgages at Marsden Building Society, commented: “The needs of our borrowers are always evolving, so adapting our products to suit their requirements is extremely important.

"We work closely with our broker network to ensure we’re offering the most appropriate solutions for their clients. As a result, we’re confident that this latest change will be well received by our expat borrowers.”