Marsden launches joint borrower sole proprietor mortgages

Marsden Building Society has launched a range of joint borrower sole proprietor mortgage products for first-time buyers.

The products include a 90 per cent LTV three-year fixed rate product at 2.89 per cent, and a 90 per cent LTV five-year fix at 3.29 per cent.

In addition, the lender has released a 95 per cent LTV three-year fix at 2.99 per cent, and a 95 per cent LTV five-year fixed rate offering at 3.49 per cent.

All four products have no booking fees, free standard valuation up to £500,000, and a £998 arrangement fee.

Marsden Building Society head of lending Steve Robinson comments: “There is a growing appetite for customers wanting to get onto the property ladder, but it can be difficult for FTBs to save up enough and be able to afford the mortgage repayments.

“We have launched our joint borrower sole proprietor range with supporting toolkits including criteria and product portfolios so that brokers have access to everything they need, as well as a guide that answers any questions about our range.”

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