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Marsden BS simplifies expat resi mortgage range

by: Mortgage Solutions
  • 28/08/2018
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Marsden BS simplifies expat resi mortgage range
Marsden Building Society has simplified its expat residential range from seven products to two to make it easier for intermediaries to source and recommend its mortgages.

 

The two remaining products offer expat solutions up to 80% loan to value (LTV) and give intermediaries the choice between a three-year discount at 2.99% and a 3-year fixed at 3.49%. A £300 cashback is also being offered on completion for remortgage cases.

Heather Crinion, general manager (operations) at the Marsden (pictured) said: “The decision to do this is supported by a review of the clients we support in this market and working with the feedback we get from intermediaries too.”

She added: “The new simplified portfolio offers a range of expat solutions while making sourcing easier for intermediaries looking to support their expat clients.”

Marsden suggested its expat enquiries increased by 80% highlighting a growing demand in this market.

Other updates include broadening distribution of its expat range to all intermediaries, a re-introduction of Qatari Riyal to its accepted currencies and product portfolio changes.

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