The Mansfield unveils ‘fee light’ 2-year fix at 1.75%

Mansfield Building Society has launched a 2-year fixed rate mortgage at 1.75% to 80% loan-to-value with a £199 application fee.

The product comes with a free basic valuation, free legal fees for remortgage and no completion fee.

The mortgage is available on a capital repayment and part-and-part basis up to 80% loan-to-value as long as the repayment age is under 70. The society will also lend on an interest-only basis up to 75% LTV.

Steve Walton, national development manager, said: “Brokers are becoming increasingly aware of how our common sense and pragmatic approach to lending can help support their client’s needs - particularly self-employed, interest only borrowers, and people in or fast approaching retirement.

“Whilst we’ve got off to a great start this year, we’re still keen to expand our current product range and by including a product with low fees and the benefit of a free valuation and free legal fees for remortgages, our success is certain to continue.

“We expect this product to be well received as we approach the traditional house buying season but also, given the increased popularity for remortgaging at the moment, we feel this product is a great choice for those looking to switch provider too.”