Marsden Building Society Mortgages

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  • Marsden BS's logo'

    Marsden BS 2 Year Fixed

    • Bad Credit
    • Initial Rate
      1.59% Fixed to 31/12/2023
    • APRC
      5.10%
    • Product Fee
      £998
    • Monthly Repayment
      £606.27
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  • Marsden BS's logo'

    Marsden BS 3 Year Discounted Variable

    • Bad Credit
    • Initial Rate
      1.69% Discounted Variable to 30/09/2024 (4.01% disc)
    • APRC
      4.60%
    • Product Fee
      £0
    • Monthly Repayment
      £613.39
    Continue on Fluent Mortgages' website + More info
  • Marsden BS's logo'

    Marsden BS 2 Year Fixed

    • Bad Credit
    • Initial Rate
      1.85% Fixed to 31/10/2023
    • APRC
      5.10%
    • Product Fee
      £0
    • Monthly Repayment
      £624.88
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  • Marsden BS's logo'

    Marsden BS 2 Year Fixed

    • Bad Credit
    • Initial Rate
      2.99% Fixed to 30/09/2023
    • APRC
      5.30%
    • Product Fee
      £0
    • Monthly Repayment
      £710.54
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  • Marsden BS's logo'

    Marsden BS 3 Year Discounted Variable

    • Bad Credit
    • Initial Rate
      3.29% Discounted Variable to 30/09/2024 (2.41% disc)
    • APRC
      5.20%
    • Product Fee
      £0
    • Monthly Repayment
      £734.15
    Continue on Fluent Mortgages' website + More info
  • Marsden BS's logo'

    Marsden BS 2 Year Fixed

    • Bad Credit
    • Initial Rate
      3.69% Fixed to 30/09/2023
    • APRC
      5.50%
    • Product Fee
      £0
    • Monthly Repayment
      £766.31
    Continue on Fluent Mortgages' website + More info
  • Marsden BS's logo'

    Marsden BS 4 Year Fixed

    • Bad Credit
    • Initial Rate
      3.99% Fixed to 31/10/2025
    • APRC
      5.30%
    • Product Fee
      £0
    • Monthly Repayment
      £790.93
    Continue on Fluent Mortgages' website + More info
  • Marsden BS's logo'

    Marsden BS Standard Variable Rate

    • Bad Credit
    • Initial Rate
      5.70% Standard Variable Rate
    • APRC
      5.90%
    • Product Fee
      £1,049
    • Monthly Repayment
      £939.13
    Continue on Fluent Mortgages' website + More info

Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

Our mortgage comparison service is partnered with Fluent Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

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Last updated on 18 March 2021.

Marsden Building Society Mortgages FAQ

Who are Marsden Building Society?

The Marsden Building Society was founded in 1860. It’s headquartered in Nelson, Lancashire and serves its members throughout Marsden — located almost equidistantly between Manchester and Leeds — and the UK.

The Marsden Building Society is a member of the Building Societies Association, ‘the voice’ of 49 UK building societies and credit unions.

What type of mortgages do they offer?

The Marsden Building Society serves homeowners looking to move, and both ends of the market: first-time buyers and later life borrowers.

Here are the groups that can access a Marsden mortgage:

  • First-time buyers
  • Elder borrowers: +55 mortgages, interest-only retirement mortgages
  • Remortgaging
  • Additional borrowing
  • Expat: residential mortgages, buy-to-let mortgages

What interest rates are available on their mortgages?

The interest rates on offer from the Marsden Building Society vary depending on the mortgage product you choose, and your own individual circumstances. Fixed rate mortgages have an assigned initial rate period, during which the interest rate won’t change. When this set period comes to an end, often after two to five years, your mortgage interest rate will revert to your lender’s standard variable rate (SVR).

A lender’s SVR is often closely tied to the Bank of England’s base rate, the benchmark for interest rate setting.

On a variable rate mortgage, your interest rate will fluctuate as your lender’s SVR rises and falls. Bear in mind that it’s up to a lender to set their SVR as they choose.

On the other hand, a tracker mortgage usually follows the Bank of England’s base rate. This means if you choose this type of mortgage, your interest rate will only move as the economy moves.

Are Marsden Building Society well reviewed by their customers?

If you are considering applying for a mortgage with Marsden Building Society, it’s always a good idea to read some reviews from their customers, to get an understanding of whether their mortgage products and customer service will suit you.

What are discount mortgages?

Finally, there are discount mortgages, also sometimes known as discounted variable rate mortgages. As the name suggests, this is a type of variable rate mortgage. The key difference between variable rate mortgages and discount mortgages is that a discount mortgage’s interest rate is set somewhere below the lender’s SVR.

As a result of this, the lender can change the rate of a discounted mortgage whenever they deem it to be commercially necessary. As they don’t have to follow the base rate, you can be subject to unexpected repayment changes.

What are the pros and cons of discount mortgages?

The most obvious benefit of a discount mortgage is that your interest rate will stay below your lender’s SVR for the length of your term.

When your lender’s SVR is low for a sustained period due to the Bank of England’s base rate being low, you could end up paying low rates of interest for a number of months.

A downside of this type of mortgage is that your interest rate will be set according to the lender’s SVR and can change at any time making monthly repayments unpredictable.

How do I choose between a discount and variable mortgage?

You might choose a discount mortgage if you are comfortable with the prospect of your interest rate rising. However, if changes to your monthly repayment would leave you struggling to make payments or leave you out of pocket, this might not be the best option for you.

Just a small increase to a lender’s SVR can make a significant change to your monthly bill - even a seemingly insignificant change of, for instance, less than 1%.

If you believe you can make an informed guess at how and when the base rate will change — this is possible by following headline economic trends — a tracker mortgage can suit. However, what you won’t be able to predict is when and by how much your lender’s SVR will rise or fall.

Services offered by this provider may change over time. Always check Ts&Cs.