The Mansfield launches new mortgage product

Interest is fixed at 3.39% per cent for the first two years and then reverts to a standard variable rate at the end of the fixed rate period. The mortgage product is available exclusively from The Mansfield for home purchases or remortgages up to £200,000 and 75 per cent loan to value, inclusive of a £999 arrangement fee.

In addition, the cost of a basic valuation fee is refunded upon completion up to a maximum of £400.

Pete Doherty, product manager at The Mansfield said, “We’re anticipating that this mortgage will be extremely popular with those already on the property ladder and first time buyers who are looking for a competitively priced 2 year fixed rate mortgage product.”

An early repayment charge of 2% of the agreed advance applies if the mortgage is redeemed during the fixed rate period.

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