The Marsden Building Society has simplified its expat residential range, reducing it from seven product options down to two to help make it easier for intermediaries to source and recommend.
The two remaining products offer expat solutions up to 80% LTV and give intermediaries the choice between a three-year discount at 2.99% and a three-year fixed at 3.49%.
Further features have been introduced by offering £300 cashback on completion for remortgage cases.
Heather Crinion, general manager (operations) at the Marsden, said: “We’ve simplified the product sets across our expat residential range with two products suitable up to 80%, 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 off intermediaries too.
“The new simplified portfolio offers a range of expat solutions whilst making sourcing easier for intermediaries looking to support their expat clients.
“In July, our expat residential enquiries increased by 80% highlighting a growing demand in this market. 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.”