The Mansfield cuts its 95% product rate by 0.5%

The Mansfield has relaunched its 95% discounted rate product for clients in Nottinghamshire, Derbyshire and South Yorkshire with a new initial rate of 4.49% and reduced the completion fee from £600 to £300.

Related topics:  Mortgages
Amy Loddington
8th April 2014
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The Mansfield, which was among the first lenders to reintroduce a 95% facility to borrowers after the credit crunch, is a keen supporter of the local population it serves and while the product is limited to buyers in the three counties, Mike Taylor, Sales & Marketing Manager at The Mansfield is keen to encourage intermediaries with clients in the area.

He said:

“As a local lender we value all of our customers, whether they come to us directly or through our partnership with intermediaries in England and Wales. Being a lender that prices its products exactly the same for broker business as for the direct channel, we are keen to hear from brokers with clients looking for 95% mortgages within our catchment area. While we are a national lender, we are proud to be a Society, which lives and breathes our support for local borrowers and savers.”

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