The products are the first ever buy-to-let exclusive products to be offered to brokers by the Marsden. The society joined the lender panel of Paradigm Mortgage Services at the end of May 2015.
The products are:
A two-year discount deal currently priced at 2.99% until 31 August 2017.
A two-year fixed at 3.39%, also until 31 August 2017.
Both products are available up to 75% loan-to-value (LTV) and come with a booking fee of £399 and an arrangement fee of 0.5% of the loan amount.
The Marsden is offering free standard valuation for properties valued up to £500k, and free remortgage legals for properties up to £500k if the borrower uses the society’s nominated legal firm. Both products are fully portable, and offer the borrower the chance to make 5% annual overpayments.
Both deals revert to the Marsden’s buy-to-let standard variable rate, currently set at 6.1%.
Paradigm members earn a procuration fee of 0.5% per completion.
John Coffield, head of Paradigm Mortgage Services, said: “These are two highly competitive deals which come with both competitive rates and a range of added benefits that are bound to appeal to both our advisers and their clients. As the buy-to-let sector continues to develop it is absolutely vital that we are able to offer borrowers a range of product options and criteria that fit in with this dynamic marketplace.”