The Mansfield Building Society has introduced a 95 per cent discounted mortgage rate available through customers and direct to customers across England and Wales.
The expanded availability of the product follows its successful introduction in The Mansfield’s local area of Nottinghamshire, Derbyshire and South Yorkshire.
Key features include:-
- 3 year discount at 4.49% (SVR 5.59%)
- LTV over 80% and up to 95%
- Purchase only
- Basic valuation fee refunded up to £400
After the BSA’s announcement in March stating that fears over raising a deposit were at their highest for first time buyers (FTB’s), Mike Taylor, sales & marketing manager at The Mansfield says that the Society has been a long supporter of FTB’s and those returning to the housing market.
He said, “The Mansfield was among the first lenders to reintroduce a 95 per cent facility to borrowers after the credit crunch and has consistently supported first time buyers. By extending this product across the country after the successful trial in our local heartland, we wanted to send a message to our intermediary partners and the wider population that The Mansfield stands ready to support first time home owners.”
Loading ...