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Sesame and PMS to offer Marsden mortgage

PMS members and appointed representatives of Sesame network now have access to two new exclusive ‘fee free’ two-year discount rate products from Marsden Building Society.

The first product is available up to 80 per cent loan-to-value and offers an initial pay rate of 2.49 per cent.

The second product is available up to 85 per cent loan-to-value and offers an initial pay rate of 3.39 per cent.

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The initial discounted period is applicable until 31 October 2015.

Both deals offer no up-front arrangement or booking fees, no completion fees and a free standard valuation for properties up to £500,000.

They also include free legal fees for remortgages.

Robert McCoy, senior product and communications manager of Sesame Bankhall Group, said: “Together with the attractive incentives offered on these products, should a property be downvalued and the loan-to-value exceeds 80 per cent, there is a further fees free option available that enables clients to swap onto the 85 per cent loan-to-value product with no switching fee.”