The society has expanded its range to include a two-year fixed rate at 75% loan-to-value (LTV) priced at 2.79% with an arrangement fee of £1,995.
It has also added a two-year discount buy-to-let mortgage up to 75% LTV priced at 2.85% until 31 January 2018 with an arrangement fee of £995.
Both products revert to the buy-to-let mortgage standard variable rate currently set at 6.1%.
There are a number of benefits available to borrowers with both products including free standard valuation for properties and fees-assisted remortgage legals available for properties valued up to £500,000 when using the Marsden’s nominated legal firm. All products are fully portable and offer the borrower the chance to make 5% annual over payments and require rental cover of 125%.
Both products are available to semi-exclusive partners with a net procuration fee of 0.50%. The maximum proc. fee payable is £1,750.
Heather Crinion, general manager at Marsden Building Society, said: “Our new product launch supports our broker relationships with the continued strong demand for buy-to-let mortgages. We work closely with our partners to ensure that they have everything they need to support their clients with the best possible products and service.”
