Mansfield revamps range
On the residential side the Mansfield will now offer a 2-year fix up to 95% LTV at 4.69%, a 2-year discounted rate up to 85% LTV at 2.45% (3.14% below SVR) for remortgage only and for borrowers up to 80 years old a 3-year discounted rate up to 60% LTV at 3.99%.
Additionally it now has a 2-year fixed rate up to 70% LTV at 3.49% for buy-to-let and a shared ownership 2-year fixed rate 95% share (75% property value) at 4.99%.
Stuart Bryce, business development manager at The Mansfield, said: “At The Mansfield we want intermediaries to have good quality mortgages for key market segments.
“In the residential sector, we have a competitively positioned fixed rate mortgage suitable for first-time buyers. We’re also supporting older applicants with a product available to age 80.
“Shared Ownership applicants with us can now benefit from purchasing up to 75% of the property value on a mortgage up to 95% of the share.
“Our BTL range has been further strengthened with the improved fixed rate as intermediaries and landlords recognise the benefit of our manual underwriting.
“2015 will see opportunities for the broker community to provide customers with advice on a wide range of enquiries. For customers with particular needs, which are not being accommodated by mainstream lenders, The Mansfield offers a competitive portfolio.”