Marsden increases LTV on Expat Residential mortgages

Marsden Building Society has increased the maximum loan-to-value (LTV) on selected Expat Residential products.

Buyers can now apply for up to 85% LTV on selected Expat Residential repayment mortgages from the Marsden, a 5% increase from 80%.

This latest update follows several significant Expat Residential criteria changes to help make expat mortgages more accessible, including accepting British National Overseas Persons, foreign nationals and applicants with Skilled Worker Visas (formerly T2 Visas).

Donna Barclay, Head of Mortgages at Marsden Building Society, commented: “The needs of our borrowers are always evolving, so adapting our products to suit their requirements is extremely important. We work closely with our broker network to ensure we’re offering the most appropriate solutions for their clients. As a result, we’re confident that this latest change will be well received by our expat borrowers.”

In addition to the increased LTVs, the Society offers free valuations on Expat Residential cases (up to £500,000), and fee-assisted legals on remortgage cases.