The Mansfield Building Society has revamped its range of shared ownership products.
The three new products are:
A two year discounted product up to 90% of the share being purchased
- 3.99% initial rate (1.6% discount from SVR of 5.59%)
- Valuation fee refunded on completion up to £400
- £199 application fee
- No completion fee
- Up to 75% of the property value
A two year discounted product up to 95% of the share being purchased
- 4.49% initial rate (1.1% discount from SVR of 5.59%)
- Valuation fee refunded up to £400
- £199 application fee
- No completion fee
- Up to 60% of the property value
A two year fixed rate product up to 90% of the share being purchased
- 4.99 fixed for first two years (then to SVR 5.59% variable)
- Valuation fee refunded up to £400
- £199 application fee
- No completion fee
- Up to 75% of the property value
Mike Taylor (pictured), product and marketing Mmanager at The Mansfield, said: “We have put a lot of work into shared ownership, and demand is growing as a result of our individual underwriting service. In response, we have introduced more variety through our new discounted rate products and have ensured the new products are available on a two year term in light of the feedback we’ve received.
“With a refunded valuation and no completion fee, our products are supporting this sector by offering access to competitive funding options.”