Mansfield reprices B2L fixed rate

The new product sits alongside its discounted rate BTL mortgage, which was launched in April.

The fix is available for employed, self employed and retired applicants with a minimum income of £20,000 up to 70% LTV.

Mike Taylor, sales and marketing mManager at The Mansfield, said: “As a long time supporter of the buy-to-let market, we can see the strong growth in property values is leading to a healthy lettings market.

“With the new rate fixed for two years, landlords can take advantage of a great price and our flexible lending.”

He added: “I know this product will be welcomed by our professional introducers, who have told us how important this channel is in the property market and I am sure there’ll be a lot of activity in the coming weeks from brokers who can see the value we are offering to their clients.”