Mansfield BS launches large loan remortgage product

Mansfield Building Society has launched a remortgage product for loans up to £1 million on a capital repayment or interest only basis.

Related topics:  Mortgages
Rozi Jones
16th July 2019
Paul Lewis Mansfield

The product is available up to 70% LTV for loans between £750,000 and £1 million and 75% LTV for loans between £500,000 and £750,000.

The new two-year discounted rate product is priced at 2.75% with an application fee of £199 and a completion fee of £1,300.

The mortgage comes with a free basic valuation and free ‘fast track’ legal fees via the Society’s nominated solicitor.

National development manager, Paul Lewis, said: “Brokers have come to recognise our flexible and common sense approach. We assess each application on a case-by-case basis and understand how much our brokers appreciate being able to talk to us personally about unusual or quirky aspects of their application before submitting it.

"Whether it’s allowing people to extend their term into retirement, giving them the option to downsize to a smaller property, or considering unusual income for directors, shareholders, sole traders or partners, we’re always looking for ways to help brokers and their client’s access mortgage solutions that are right for them.”

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