The product is a 3-year discount to 70% loan-to-value at 1.1% below the lender’s standard variable rate – currently 4.49%.
Borrowers can take out between £50,000 and £300,000, while the product incurs a £199 application fee and £1,300 completion fee which can be added onto the loan.
Stuart Bryce, business development manager at The Mansfield, said: “Our full mortgage range to intermediaries caters for a broad cross section of borrowers including those with retirement incomes, clients on interest only mortgages, and with this particular product, BTL borrowers with more complex needs.
“We are confident that our introducers will be delighted to see this commitment to regulated, light refurbishment and expat landlords.”
Mansfield Building Society relaunched its buy-to-let product range to the intermediary market in October.
