Mansfield BS lowers mortgage rates

The rate on its two-year fixed rate mortgage has dropped to 4.50 per cent while its three-year fixed rate mortgage has been reduced to 4.70 per cent, both with immediate effect.

The overall cost for comparison is 6.3 per cent APR

and 6.2 per cent APR respectively.

Both mortgages have a low arrangement fee of just £250 and borrowers can repay up to 10 per cent of the agreed advance each year of the mortgage without incurring an early repayment penalty.