The Mansfield launches new resi range

The Mansfield Building Society has launched two new fixed rate and one new discounted rate residential mortgages, as it reveals that it has raised its lending targets for 2015 after a strong start to the year.

Related topics:  Mortgages
Rozi Jones
18th May 2015
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The product range includes a 2.35% two year fixed rate at 80%-85% LTV with a maximum loan size of £300,000, £199 application fee and £800 completion fee.

The Mansfield is also offering an 85%-95% LTV two year fix at a discounted rate of 3.85% (1.74% off SVR). The valuation fee is refunded up to £400 and has a maximum loan size of £200,000, £199 application fee and £300 completion fee.

For remortgage, The Mansfield has a 2.49% fixed rate for 2 years at 80%-85% LTV with free basic valuation and legal fees, a maximum loan size of £300,000, £199 application fee and £800 completion fee.

Mike Taylor, Product & Marketing Manager at The Mansfield, said:

“We’ve seen a strong start to broker new business this year and as a result are now aiming to increase our completion figures by 25% on 2014.

"As we offer individual underwriting, we’re certain these new products are attractively positioned and will prove popular with introducers and their clients.”

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