The Mansfield Building Society has launched its latest buy-to-let product, a two-year discounted deal.

It has a 3.29% pay rate (based on 2.30% discount) and is available up to 70% LTV.

The maximum loan amount is £300,000 and comes with an application fee of £199 and a completion fee of £999.

Mike Taylor, the Mansfield’s sales and marketing manager, said the mutual sees the buy-to-let 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 buy-to-let 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.”