Both mortgages are 3-year discounted rate products offering competitive rates and are backed by The Mansfield’s individual underwriting and flexible personal service:
The first is a 3-year discounted mortgage with a pay rate of 2.05% up to 60% LTV designed especially for customers with no more than £5,000 outstanding in unsecured borrowing and/or similar financial commitments, and the second a 3-year discounted mortgage with a pay rate reduced from 2.58% to 2.35% up to 80% LTV.
Completion fees can be paid in advance or added to the loan.
According to Sales & Marketing Manager, Mike Taylor, the products provide buyers and those remortgaging with a very attractive borrowing option.
He said:
"Intermediaries and their clients can continue to expect The Mansfield to provide products that are going to be competitively priced and sit well within their market segments.
"It seems that some lenders are having to make detailed alterations to their customer fact finds in response to MMR’s affordability requirements. Brokers who have been using The Mansfield over the past year will know that we have had our affordability model in place for over twelve months and it is now freely available to them on our website. They can be reassured that in the post MMR world, their cases will receive the same consistent and timely service as before, based on our treating of each client as an individual."
