The Mansfield unveils 80% LTV buy-to-let

Ryan Bembridge

October 12, 2017

Mansfield Building Society has launched a 3-year discounted buy-to-let product at 3.99% to 80% loan-to-value.

The product comes with an application fee of £199 and a completion fee of £1,800.

Mike Taylor, head of products and savings, said: “With yields on rental properties being squeezed, we have identified that there’s an opportunity to test the market for landlords interested in long-term capital appreciation, not just monthly income.

The Mansfield pledges to be ready for portfolio buy-to-let change

“If there’s firm evidence of sustainable personal income in the background then we will take a common sense view on affordability.

“As the buy-to-let sector continues to evolve, we believe brokers will welcome our pragmatic response.”

The product is available to brokers on a limited basis.

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