
Marsden Building Society has brought out a three fee-free furnished holiday let (FHL) mortgages, with rates starting from 5.35%.
Marsden Building Society’s holiday let deals are aimed at first-time and experienced landlords who want to rent out their furnished properties on a short-term basis.
The building society will allow 90 days of personal use of the properties per year and the deals come with no booking or arrangement fees for loans under £750,000.
The holiday let products are available on an interest-only or repayment basis and loan to values (LTVs) between 60% and 75% can be accessed depending on the deal.
Borrowers need to have a minimum income of £25,000 and the minimum loan is £30,000.
The property being mortgaged must have a minimum value of £125,000 and needs to be in England or Wales.
Donna Barclay, head of lending at Marsden Building Society, said: “Being a mutual organisation, we prioritise close collaboration with our broker network to continually address the evolving needs of our customers.
“With the launch of our new FHL products, our goal is to provide mortgage advisers and their clients with a wider range of competitive borrowing options, thereby meeting the specific and dynamic needs of the market.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.