The Mansfield launches new high-LTV rates

Mansfield Building Society has launched a five-year fixed rate mortgage at 4.25% with no completion fee on loans up to 95% LTV in its latest round of residential mortgage updates.

Related topics:  Mortgages
Rozi Jones
8th August 2016
Stephen Steve Walton Mansfield
"Our exciting new products should be extremely well received and we’re expecting demand to be high."

The new range includes house purchase products up to 95% LTV with remortgages available on mortgages up to 90% LTV.  

The Mansfield has also introduced a range of two and three year products with completion fees starting from only £300. All products come with a free basic valuation and free legal fees are available for those remortgaging.  

New two-year discounted rates start from 2.15% variable up to 80% LTV, with three year products available at 3.49% variable up to 95% LTV.

Early repayment charges are 2% on two-year products and 3% on three and five year products, with all mortgages carrying an application fee of £199.

National Development Manager, Steve Walton, said: “Brokers have told us that they appreciate our common sense approach to underwriting and our flexible lending criteria. They also tell us that our service is pretty good too. So, if we’re right, our exciting new products should be extremely well received and we’re expecting demand to be high.  

"With house prices remaining heavily influenced by supply and demand, we haven’t lost sight of those existing home owners looking to refinance onto preferential terms, and our products have been priced with their needs in mind.

"This is another step towards offering a product range that, when combined with our pragmatic approach, can make a real difference for brokers and their clients."

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.