Mansfield increases mortgage range

Mansfield is to offer a new purchase mortgage to 95% LTV and remortgage to 90% LTV.

Related topics:  Mortgages
Amy Loddington
8th October 2014
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The Mansfield Building Society has announced the launch of two additions to its mortgage range, as it targets high Loan to Value mortgages with the benefit of its individual underwriting service.

The new 2 Year Discounted Rate house purchase product up to 95% LTV offers minimal fees and a free valuation. Features include a 4.05% initial pay rate (1.54% below SVR), £199 application fee and no completion fee and free valuation.

The 2 Year Discounted Rate remortgage only product up to 90% LTV offers a 2.99% initial pay rate (2.60% below SVR), £199 application fee, £800 completion fee, free valuation and free legal fees.
 

According to Stuart Bryce, Business Development Manager at The Mansfield, the Society has been quick to respond to demand and sees higher LTV products as a sector of the market where it can add value.

He said,

“These products meet the needs of many borrowers, whether buying or remortgaging, who are looking for a mortgage which requires a smaller deposit. We feel that The Mansfield has built a reputation as a fair and responsible lender because we assess each case on its merits and don’t use automated credit scoring systems. Advisers and their clients can benefit from competitively priced products and a more even-handed approach to individual circumstances with The Mansfield.”
 

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