The Mansfield Building Society has launched four new discounted and two new fixed rate products.
Remortgage only deals are as follows:
- 2.69% discounted rate for 2 years (2.90% below SVR)
Free valuation and free legal fees
No ERC, application or completion fees
Up to 80% LTV - 2.65% discounted rate for 2 years (2.94% below SVR)
Free valuation and free legal fees
No application or completion fees
Up to 85% LTV - 3.49% discounted rate for 2 years (2.10% below SVR)
Free valuation and free legal fees
No ERC, application or completions fees
Up to 85% LTV
Purchase only deals are as follows:
- 2.45% discounted rate for 2 years (3.14% below SVR)
Free basic valuation and free legal fees
Application fee £199 and completion fee £800
Up to 85% LTV
The 2 Year Fixed Rate products include an option of up to 90% LTV
- 2.45% fixed for 2 years
Up to 80% LTV
£199 application fee, £800 completion fee
Valuation fee refunded up to £400
Purchase or remortgage - 3.99% fixed for 2 years
Up to 90% LTV
£199 application fee, £800 completion fee
Valuation fee refunded up to £400
Purchase or remortgage
Mike Taylor (pictured), sales and marketing manager at The Mansfield, said: “As a building society, we want to be at the forefront of providing competitive lending backed by our individual underwriting, which takes the needs and circumstances of brokers’ clients into account. These new products represent great value and, with remortgage options offering no ERCs and no fees, offer some peace of mind to consumers cautious about potential rate increases.
“We are delighted to be able to offer a good balance between discounted and fixed rate alternatives as we continue to develop and grow our business through the intermediary sector.”