The Mansfield Building Society has launched two new fixed rate and one new discounted rate residential mortgages.
The mutual has raised its lending targets for 2015 after a strong start to the year.
House purchase products features include:
2.35% fixed rate for 2 years
- Over 80% to 85% LTV
- Free basic valuation
- Maximum loan size £300,000
- £199 application fee
- £800 completion fee
3.85% discounted rate for 2 years (1.74% off SVR)
- Over 85% LTV and up to 95% LTV
- Valuation fee refunded up to £400
- Maximum loan £200,000
- £199 application fee
- £300 completion fee
Remortgage product features include:
- 2.49% fixed rate for 2 years
- Over 80% to 85% LTV
- Free basic valuation
- Free legal fees
- Maximum loan size £300,000
- £199 application fee
- £800 completion fee
Mike Taylor (pictured), product and marketing manager at The Mansfield, said: “We’ve seen a strong start to broker new business this year and as a result are now aiming to increase our completion figures by 25% on 2014.
“As we offer individual underwriting, we’re certain these new products are attractively positioned and will prove popular with introducers and their clients.”