Marsden Building Society has relaunched a new 95% loan-to-value (LTV) residential mortgage product, with a fixed rate of 4.99% to 30 April 2030.
Requiring a 5% deposit and available on a repayment basis, 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.
To be eligible for a Marsden 95% LTV mortgage, 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.”
