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Emma

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Review of the Marsden Building Society, Mortgages:

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Final stages of taking a holiday let mortgage with Marsden BS - most frustrating and laborious re-mortgage ever!

Started the (should have been) straight forward re-mortgage four months ago. It's a very ordinary terraced house in a decent area worth £400k borrowing £165k so not a particularly high-risk proposition. Honestly the number of questions and emails has taken literally days of my time to sort out. Just as you think it's over they start all over again with pointless questions that really do not affect their risk profile one bit. It's almost like they don't want to lend. If it wasn't for the fact that my current deal is almost up and I'd have to start the process again elsewhere, I would have have cancelled the application a few weeks ago. I just hope we can get it over the line in the next few days. But in all honesty - never again with Marsdens. I would recommend people seriously think twice before using Marsdens for a holiday let. Reviewed on: 21st November 2023

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