Published on: 13 August 2018
Marsden Building Society, based in Lancashire, England, are working closely with mortgage advisers SPF Private Clients to widen access to the mortgage solutions they are able to provide to Guernsey residents. The Marsden Building Society have been working closely with representatives on the island to support a wider range of options for customers in Guernsey and have developed three lending solutions alongside SPF Private Clients.
The first of the three mortgage ranges being provided by Marsden Building Society to Guernsey customers is lending up to £750,000 for residential mortgages on an interest only basis, or repayment on three and five-year product terms with interest rates from 2.29%. The Marsden is the only lender in Guernsey which is offering interest only options for customers across all its mortgage solutions .
SPF Private Clients has also identified a customer need for larger loans, and so Marsden Building Society has developed a range of larger mortgages for customers looking to borrower up to £1m, which are available on an interest only basis, to a maximum loan to value of 65%.
The Marsden’s 55+ mortgage range allows customers to take a mortgage in retirement up to the value of £750,000 on an interest only or repayment basis. Having launched their later life mortgages in the UK in 2014 and with over four years of specialist lending experience for customers over the age of 55, the Society is confident that its mortgage solutions will meet the needs of the Guernsey market, supporting remortgage or those looking to borrow for a variety of reasons.
Rob Pheasey, Chief Executive, Marsden Building Society, said, “We’re delighted to be able to widen the choice of mortgages available for Guernsey customers through our lending solutions. We’ve been working closely with SPF to ensure that our products reflect the needs of Guernsey customers. All of our mortgages can be accessed through the SPF team from today, and we look forward to working with them as our partner on island.”
Pierre Blampied, Managing Director of SPF Private Clients, said, “We have been working closely with The Marsden over the past 2 years to understand their products and their mortgage journey for a Guernsey customer, and are looking forward to introducing our clients to their wide product range. SPF are once again the only mortgage advisors with full access to every lender on the island, which gives customers a full range of product options when they speak to a member of our team.”
“We are delighted to be chosen as Marsden’s partner in Guernsey and this is based on our number of years’ experience in the local market and using our expertise to design mortgage products which are needed locally.
For more information about Marsden Building Society, their partnership with SPF Private Clients or for the products that are available to customers, please visit their dedicated Guernsey page at www.themarsden.co.uk/guernsey or speak to a member of the SPF team on 01481 715234.