Tag: Paul Lewis
Residential criteria available from The Mansfield includes capital repayment and interest-only lending up to age 85.
Members of the Air Mortgage Club will now be able to access Mansfield’s range of mortgage products for later life customers.
The 2-year discounted rate product is priced at 2.75% variable during the initial term.
We believe family buy-to-let is an important part of the buy-to-let sector and indeed we, and advisers, are likely to see a growth in demand for it.
The products are offered to Mansfield’s Shared Ownership Club and include a 2-year fixed at 3.89% and a 5-year fixed at 4.49%.
The society’s 5-year discounted rate and 3-year fixed rate RIO mortgages are now being offered up to 55% LTV.
With such a saving, perhaps borrowers could purchase a bigger proportion of the property.
Versatility is The Mansfield’s range of mortgage products where an application may need more individual underwriting expertise.
The 2-year discounted rate product is offered to 70% LTV at a current rate of 3.69% (2.06% below SVR).
The 3-year discounted product is offered to 70% LTV at a current rate of 3.65% (2.10% below SVR) and properties must have a minimum value of £150,000 and qualify as a furnished let under HMRC rules.