Mansfield ups broker lending targets

Sarah Davidson

May 18, 2015

The mutual is now offering a 2-year fixed rate at 2.35% up to 85% loan-to-value with a free valuation, £199 application fee and £800 completion fee on loans up to £300,000.

Additionally borrowers can opt for a 2-year discounted rate of 3.85% (1.74% off standard variable rate) up to 95% LTV on loans up to £200,000 with a £199 application fee, £300 completion fee and a valuation fee refunded up to £400.

Borrowers looking to remortgage can take advantage of a 2-year fixed rate of 2.49% up to 85% LTV on loans up to £300,000 with free legals, valuation, a £199 application fee and £800 completion fee.

Mike Taylor, product and marketing manager at the Mansfield, 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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