Mansfield Building Society introduces discounted BTL product

It is available up to 70% LTV and other product features include a 3.29% pay rate (based on 2.30% discount), up to a maximum of £300,000 and an application fee of £199 and a completion fee of £999.

According to Sales & Marketing Manager, Mike Taylor, the Society continues to develop products across the lending spectrum, but sees the BTL market as a growth area in 2014.

He said:

“The Mansfield maintains the traditional strengths of the building society movement, with its roots in the local community, but is passionate about understanding the wider marketplace and providing the kind of products to match the needs of particular sectors. We have been a consistent supporter of the BTL market in the UK and in 2014 we expect to see it continue growing and our new product demonstrates a clear intention to offer competitive options to support brokers and landlords."