In line with its stated aim to help First Time Buyers and customers returning to the housing market, The Mansfield has re-launched its 95 per cent discounted rate product for clients in Nottinghamshire, Derbyshire and South Yorkshire with a new initial rate of 4.49 per cent and reduced the completion fee from £600 to £300.
The Mansfield, which was among the first lenders to reintroduce a 95 per cent facility to borrowers after the credit crunch, is a keen supporter of the local population it serves and while the product is limited to buyers in the three counties, Mike Taylor, Sales & Marketing Manager at The Mansfield is keen to encourage intermediaries with clients in the area.
He said, “As a local lender we value all of our customers, whether they come to us directly or through our partnership with intermediaries in England and Wales. Being a lender that prices its products exactly the same for broker business as for the direct channel, we are keen to hear from brokers with clients looking for 95 per cent mortgages within our catchment area. While we are a national lender, we are proud to be a Society, which lives and breathes our support for local borrowers and savers.”
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