You are here: cherry > Press releases for September 2014 > Mansfield BS enhances range with new fee free remortgage products and fixed rate mortgages

24 September 2014

The Mansfield Building Society has launched four new discounted and two new fixed rate products as its product range continues to evolve.

 

The 2 Year Discounted Rate products have excellent rates and include three designated remortgage products, two of which offer no arrangement fees, no Early Repayment Charges (ERC), free valuation and free legal fees.

 

Remortgage only:-

 

• 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:-

 

• 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

 

According to Mike Taylor, Sales and Marketing Manager at The Mansfield, the new products are the latest evolution in a consistent programme of ensuring The Mansfield remains at the forefront of market leading products.

 

He 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.”

 

 

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