Mansfield Building Society has launched eight fixed rate mortgages, all available over a two-year term, including a prime residential mortgage for house purchase up to 95% loan to value (LTV).
The eight new products comprise three prime residential mortgages, two in its Versatility range for complex circumstances, a standard buy-to-let, a holiday buy-to-let and a shared ownership mortgage.
The three prime residential mortgages offer availability up to 80%, 90% and 95% LTV. Whilst lending up to 95% LTV is available for house purchase only, remortgage is available at 80% and 90% LTV, and this can include capital raising and debt consolidation.
The expansion of its fixed rate product availability will be welcome relief for brokers and their clients who have seen a retraction of fixed rate products from all lenders over recent months following market turmoil.
Tom Molloy (pictured), the Mansfield’s intermediary sales manager, said: “We’re absolutely thrilled to be increasing the product choice for brokers and their clients because our versatile approach to lending helps find a home for unusual cases.
“After last year’s turmoil, the markets appear to be settling again and we’re in a good position to offer brokers an individual underwriting approach with greater choice of fixed rate pricing.
“Whether it’s our niche lending, such as holiday lets and shared ownership, our willingness to consider complex applications, or empowering borrowers to get more from their mortgage, we’re looking forward to working with brokers throughout 2023 to help them maximise their potential.”
