Paradigm unveils Marsden BTL exclusives

Paradigm Mortgage Services has announced the launch of two new Marsden Building Society buy-to-let products, available exclusively to its members.

These are the first ever buy-to-let exclusive products the Marsden has offered to the intermediary community.

New exclusive deals:

Two-year discount 75% LTV buy-to-let mortgage at 2.99%.

Two-year fixed 75% LTV buy-to-let mortgage at 3.39%.

After 31 August 2017 both products will revert to the lender's buy-to-let standard variable rate, currently set at 6.1%.

The deals come with a booking fee of £399 and an arrangement fee of 0.5% of the advance.

They also offer free standard valuation for properties or free remortgage legals, when using the Marsden’s nominated legal firm on properties up to £500,000.

All products are fully portable, and offer the borrower the chance to make 5% annual overpayments.

Both products are available to Paradigm members with a procuration fee of 0.5%.

Marsden joined the lender panel of Paradigm Mortgage Services at the end of May 2015.

John Coffield, head of Paradigm Mortgage Services, said: “Our firms conduct a higher than average percentage of buy-to-let business than the overall intermediary sector and therefore this is the perfect fit.

“These are two highly competitive deals which come with both competitive rates and a range of added benefits that are bound to appeal to both our advisers and their clients.

“As the buy-to-let sector continues to develop, it is absolutely vital that we are able to offer borrowers a range of product options and criteria that fit in with this dynamic marketplace.”

Heather Crinion, head of operations at Marsden Building Society, said: “Our products are competitive, have great incentives and are delivered by our award-winning customer service team.”