Marsden Building Society and Mortgage Intelligence have partnered up to provide Appointed Representative members with their range of Lending Solutions. Marsden’s Lending Solution pools together a range of mortgage products that offer something a little different; Residential, Older Borrowers, Lending to Professionals and Buy to Let.
As well as providing a competitive product range, Mortgage Intelligence brokers have direct access to the Marsden’s intermediary team who are always available to speak to a broker about a case that they’re struggling to place. With individual underwriting and no credit scoring, the Society is able to take a more ‘common sense’ approach to a client’s circumstance.
Heather Crinion, General Manager (Operations) at Marsden Building Society and responsible for the Society’s intermediary distribution said, “Mortgage Intelligence’s approach aligns very much with our own. A passion for personal service and high standards mean we are looking forward to working with their advisers. They will have access to our full intermediary range including our Older Borrower products which is one of our innovative lending solutions for the over 55’s; giving those that are in or approaching retirement the ability to continue to borrow money against their property. Our products ensure that age is no longer an issue for borrowers who have retired and are in receipt of pension income, allowing them access to an interest only or repayment mortgage for their home.”
“We look forward to working with Mortgage Intelligence and its members to support them with our Lending Solutions. Our expert Intermediary team will be available to support members with product and criteria knowledge to find the right solution for both members and their clients.”
Sally Laker from Mortgage Intelligence said, “A key focus for Mortgage Intelligence throughout 2016 has been developing a diverse lending panel that is reflective of the market and the needs of our advisers. We feel the addition of Marsden Building Society, a lender that prides itself on delivering service and innovation to intermediaries, is yet another positive step towards achieving this goal.”
Notes to the editor
For further information please contact Melissa Boland, Marketing Manager for Marsden Building Society m.boland@themarsden.co.uk
About Marsden Building Society
We pride ourselves on our friendly, personal approach and individual underwriting supporting an established and reliable service for mortgage brokers and their clients.
Lending Solutions
Our range includes:
• Residential mortgages for first time buyers and home movers
• Older Borrowers mortgages- lending to those aged 55-85
• Buy to Let mortgages
• Lending to Professionals
Older Borrower- key features:
• Age 55-85
• Repayment and interest only up to 60% LTV
• Income: Based on pension income, property and investments
• Multiplier 4.5x joint or single
• Products support minimum valuations of £150,000 and £200,000.
• Early Redemption charges during the fixed or discount period only- no ERC’s after product end date
About Mortgage Intelligence Holdings
Mortgage Intelligence Holdings was acquired by Countrywide in April 2011, the UK’s largest mortgage broker and property services Group. The following brands operate under Mortgage Intelligence Holdings.
Mortgage Intelligence and Mortgage Next: Established in 1996, Mortgage Intelligence, which merged with Mortgage Next in 2009, has become one of the UK’s leading mortgage networks. They offer award winning mortgage and insurance services to over 400 appointed representatives. Both networks focus on high quality of service and support offered to their intermediaries.
FYB Network: Mortgage Intelligence Holdings acquired Life and Easy trading as FYB Network in September 2012. FYB’s brand joined Mortgage Intelligence and Mortgage Next brands under the umbrella of Mortgage Intelligence Holdings Ltd. They offer both mortgages and insurance services. They were originally founded in 2004 and became a fully authorised network in May 2007.
Next Intelligence: Next Intelligence launched as a new brand in April 2011, bringing together Mortgage Intelligence and Mortgage Next’s directly authorised clubs which were both established in 1996. They offer premium brokers services to over 3500 mortgage intermediaries including mortgages, general insurance and a new protection panel which was launched in September 2011.
For more information about Mortgage Intelligence, please contact: Countrywide Press office, +44(0)7721 439043