Marsden Building Society issues new expat products

Marsden Building Society has announced the arrival of new expat products amid wider changes to its proposition.

At the end of August, Marsden reduced the number of its expat products from seven to two. It has now re-introduced buy-to-let mortgages for expats, consisting of a 65 per cent LTV two-year discount at 2.99 per cent and a three-year discount at 3.09 per cent. Both products command a £299 booking fee and 0.60 per cent arrangement fee, but also come with £300 cashback.

The building society has also rejigged its two 80 per cent LTV three-year discount expat purchase and remortgage products. The three-year discount rate has been upped from 2.99 per cent to 3.24 per cent, and the three-year fixed option from 3.49 per cent to 3.74 per cent.

Both have the same booking fee and arrangement fee as the BTL products, while remortgage clients will also enjoy £300 cashback.

Marsden generation manager of operations Heather Crinion says: “We’re continually innovating our expat ranges to support intermediaries in their expat business.

“Recent changes have seen introduction to expat products to all intermediaries, a re-introduction of Qatari Riyal to our accepted currencies and product portfolio changes.”

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