Welcome to the new look Mortgage Introducer website and magazine, committed to bringing you the best educational, analytical and impartial coverage of your market
Robyn Hall
Just Retirement is going on the road over the next few months. This seminar is in London.
Area Sales Manager - Financial Services - London
North London
Mortgage Consultant / Mortgage Adviser - Fulham
South London
House price search
Enter your postcode here to find out how much your property is worth, based on Land Registry data.
RSS Feed
Product update
Mansfield introduces new discounted mortgage product
10 August, 2009
The Mansfield Building Society has added a new three year discounted mortgage product to its portfolio.
The product, available exclusively direct from the Society, offers a discount of 1.75% off the Society’s standard variable rate for the first 3 years, without an extended early repayment charge, resulting in an initial payable rate of 3.49%. The scheme is available for house purchase or remortgage up to a maximum loan of £300,000 and 75 per cent of value.
An arrangement fee of £599 will be added to the loan and the cost of a basic valuation fee of up to a maximum of £400 is refunded on completion. Legal fees on remortgages only will be paid by the Society via nominated solicitors or a £250 contribution will be paid towards legal fees for remortgage borrowers using their own solicitor.
Product manager at the Mansfield Building Society, Peter Doherty, said: “We are committed to giving existing and new customers a good value deal on their mortgage, which will continue with this new product.
“By introducing a new discounted mortgage rate, individuals will benefit from an initial lower repayment giving them a gentler start to their mortgage at a time when finances may be tight.”
Have Your Say