RESIDENTIAL

  • No Credit Scoring.
  • Let to Buy accepted.
  • Interest only accepted up to 60% LTV- downsizing considered
  • Can top up to 80% with repayment
  • Applicants on probation accepted if like for like employment with no gaps and less than 80% LTV.
  • 60% overtime, commission and bonus can be used- average of last 3 months payslips

OLDER BORROWERS

  • Age 55-85
  • Repayment up to 70%
  • 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

BUY TO LET

  • Available for First Time and Experienced Landlords
  • No upfront fees
  • Available for Purchases or Remortgages
  • Gross Rental Income must be 125% of 5%
  • Stressed on interest only even if it is repayment
  • Let to Buy is accepted

LENDING TO PROFESSIONALS

  • No Credit Scoring
  • Interest only accepted to help get your clients on the property ladder
  • Projections provided for self-employed applicants can be considered
  • Professions include Architects, Accountants, Actuaries, Barristers, Dentists, Engineers, Medical Doctors, Optometrists, Pharmacists, Solicitors and Vets.

For more information, please visit Marsden for Intermediaries Website Here.