Marsden Building Society has launched two 95% loan-to-value (LTV) residential mortgage products, with rates starting at 4.99%.
The two products are a 4.99% fixed rate to 30th June 2029, with a variable follow-on rate of 6.44% to 30th June 2030, and a discount rate of 5.59% to 31st January 2028, with a variable follow-on of 6.44% to 31st January 2030.
Requiring a 5% deposit and available on a repayment basis, the 95% LTV residential products benefit from no credit scoring, free valuations of properties up to £500,000 and legal assist available on remortgage cases.
Both products have 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, said: “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 advisors with more lending options for their clients across England and Wales.”
