Mansfield Building Society has launched three mortgage products fixed until 30 September 2031, aimed at borrowers seeking longer-term payment certainty.

The range includes a house purchase product at 5.99% for borrowers at 90% to 95% loan-to-value, a credit repair product at 6.75% up to 75% loan-to-value and a limited company buy-to-let product at 5.75% up to 75% loan-to-value.

Mansfield said the products would give borrowers access to its flexible approach to lending, including support for applicants with complex incomes or previous credit issues.

The launch follows recent UK Finance data showing that mortgage affordability is at its tightest since 2008, with borrowers spending a fifth of their income on repayments.

Tom Denman-Molloy (pictured), head of sales at Mansfield Building Society, said: “With future inflation uncertain, we want to provide confidence to borrowers considering their mortgage options and, by offering longer term fixed rates, they would have more stability over their monthly mortgage repayments.

“We’re hoping these new products can help brokers provide confidence and reassurance to clients with specialist or slightly unusual circumstances.”