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.
