The three year fixed rate products are available at 3.66 per cent for loans up to £400,000 and £300,000 at 75 and 80 per cent loan to value respectively. The products include a refund of the basic valuation fee and are available for clients looking to purchase a property or remortgage an existing one.
The third product is a three year discounted rate product, available at 3.75 per cent for buy-to-let applicants. It offers a 1.84 per cent discount off the Society’s standard variable rate (currently 5.59 per cent), available for loans up to 70 per cent loan to value. Again, this is available for clients looking to purchase a property or remortgage an existing one.
Robert McCoy, senior product and communications manager, commented:
"These exclusive products are excellent additions for our members. The security of a low fixed rate mortgage will be popular amongst many clients. Additionally, The Mansfield individually underwrites all applications and does not credit score applications, which allows its underwriters to take into account clients’ personal circumstances."
Mike Taylor, sales and marketing manager at The Mansfield added:
"We are pleased to be able to offer these products as an exclusive to Sesame members. They are competitive and we are confident that they will help to strengthen our new relationship with Sesame. The fact that we consider applications on their individual merit and do not credit score is an added attraction."
