/ Author: SPF

Marsden Building Society partners with SPF Private Clients to offer customers living in Guernsey access to a wider range of mortgage solutions.

Marsden Building Society, based in Lancashire, England, are working closely with SPF mortgage advisors to widen access to their mortgage solutions 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

Firstly, residential mortgages for customers lending up to £750,000 available for customers on interest only or repayment on three and five-year product terms with pay rates from 2.29%. The Marsden is the only lender in Guernsey who is offering interest only options for customers across all its mortgage solutions.

SPF have also identified a customer need for larger loans and so, The Marsden has developed a range of larger mortgages for customers looking to borrower up to £1.0m which are available on an interest only basis, to a maximum loan to value of 65%.

The Marsden’s 55+ mortgages allow 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 have 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 said, “We have worked closely with The Marsden over the past months to understand their products and the mortgage journey for a Guernsey customer and are looking forward to introducing our clients to their wide product range. SPF are now 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.”

For more information visit www.spf.gg/mortgages/marsden-mortgages/