The Marsden Building Society has extended its range of buy-to-let mortgages available to its semi-exclusive partners.
It has also increased its maximum LTV to 80%.
Two new products are available: a 4.29% fixed rate to 31 December 2017 and a 3.69% discount to 31 January 2018.
No upfront fees are required and the £1,995 arrangement fee can be added up to 80% LTV.
Both products are available up to a maximum 80% LTV%, require a minimum property value of £150,00 and rental cover of 125%
There is a free standard valuation of properties up to £500,000; fees assisted remortgage legals are available when using Marsden’s nominated legal firm, are fully portable and allow 5% overpayments.
Both products revert to the buy-to-let standard variable rate, currently set at 6.1%.
Heather Crinion, general manager at Marsden Building Society, said: “We offer lending solutions to borrowers looking for both residential and Buy-to-Let. Our focus on individual underwriting and personal service means that we can often offer solutions for our customers to help them borrow.
“The Society’s most recent update to our buy-to-let portfolio has seen an increase in the maximum LTV to 80% as we feel there is a demand in the market.
“Our buy-to-let range has proven popular and our portfolio demonstrates our increased appetite for buy-to-let lending after a strong performance in the first half of the year.
“Our products are competitive, have great incentives and are delivered by our award winning customer service team who look forward to assisting intermediary brokers with enquiries and future applications.”
