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Mansfield BS launches enhanced mortgages

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  • 19/05/2015
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Mansfield BS launches enhanced mortgages
Mansfield Building Society has launched two fixed rate mortgages and one discounted rate residential mortgage, after raising its lending targets for 2015.

Following what it called “a strong start to the year”, the building society has launched a two year fixed rate product at 2.35% available from 80% to 85% LTV with a maximum loan size of £300,000.

Its second residential purchase product is available at a 3.85% two year discounted rate with 1.74% off the Standard Variable Rate at up to 95% LTV with a maximum loan size of £200,000.

Mansfield’s remortgage product features include a 2.49% fixed rate for two years at up to 85% LTV with a maximum loan size of £300,000.

All the products come with application fees of £199 and completion fees ranging from £300 to £800.

Mike Taylor, product and marketing manager at Mansfield BS, 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.”

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