Marsden Building Society

What we do

  • We remain focused on the needs of our savers and borrowers.
  • We are committed to offering long-term good value savings.
  • Our mortgage lending is responsible, funded through retail deposits from customers and not reliant on money market borrowings. The current turbulence in the financial markets will have no impact on the Society’s current or future mortgage commitments.
  • The Society’s mortgage business is within the UK residential market, typified by low loan-to-value and a robust validation of a customer’s ability to repay.
  • The Society has no exposure to the UK or USA sub-prime mortgage or the mortgage securitisation markets.
  • The Society adopts stringent criteria for loan approval. The high quality of the Society’s mortgage assets based on our assessment of LTV and the borrowers ability to repay places the Society in a strong position to manage any economic downturn.
  • The Society underwrites all mortgage assets. We do not acquire mortgage book assets nor do we build assets for future sale. As a result Society business activity is linked to planned balance sheet growth and not to income generation through asset sale.
  • Diversification strategies to derive other income, typified by low risk activity, continue to make a contribution to overall profitability.