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M&S Bank introduces 95% LTV and 35-year products

M&S Bank has extended its maximum loan-to-value (LTV) to 95% on three new products in a bid to further assist first-time buyers (FTBs).

These products include a two and five-year fixed rate mortgage and two-year tracker mortgage. The bank has also increased its maximum mortgage term to 35 years across both its FTB and home mover products.

M&S Bank also offers £1,000 cashback exclusively for those purchasing their first home, as well as a free valuation. It enables up to four borrowers who will live in the property to take out a mortgage together – ideal for a group of friends or siblings.


The innovative feature can be utilised across M&S Bank’s product range by both home movers and those remortgaging.

With families increasingly looking for ways to support loved ones with purchasing their own home, M&S Bank also enables customers remortgaging with M&S Bank the option to consider additional borrowing at the same rate and term as their M&S Bank mortgage. This would give them a lump sum which could be ‘gifted’ to a loved one to use towards a house deposit.

Customers remortgaging to M&S Bank from another provider can also benefit from fee assisted legal service, which covers the cost of the standard legal work required to remortgage from another lender.

Additionally, to mark the launch of its first mortgage range earlier this year, M&S Bank announced a new partnership with Shelter, the housing and homelessness charity, through which the bank donates £25 to Shelter for every mortgage purchased.

M&S Bank Mortgages are available directly from M&S Bank and also through the broker channel via London & Country, Mortgage Advice Bureau and Openwork.


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