Mansfield BS offers major BTL upgrade

The two year discounted rate products have the following rates for purchase and remortgage:

BTL purchase only:

- 2.65% discounted rate for 2 years (2.94% below SVR)

- Free basic valuation

- Application fee £199 and completion fee £999

There are two remortgage options with different rates and fees to give landlords the opportunity to assess what best fits their needs.

BTL remortgage with lower rate and higher completion fee:

- 2.65% discounted rate for 2 years (2.94% below SVR)

- Application fee £199 and completion fee £1,300

BTL remortgage with higher rate and lower completion fee:

- 2.99% discounted rate for 2 years (2.60% below SVR)

- Application fee £199 and completion fee of £300

Customers will also have the benefit from free legal fees as well as a free basic valuation on both remortgage products.

Stuart Bryce, Business Development Manager at The Mansfield said:

“The three new mortgages are very competitively priced and aimed at being a market leading discounted rate product to offer a viable alternative to fixed rates. Brokers and customers are understandably cautious about potential rate rises, discounted variable rate products are linked to lenders standard variable rate  and do not directly track the Bank of England Base Rate. At The Mansfield, we remain committed to providing a very attractive range of products in this important market.”