The Mansfield Building Society has revamped its range of shared ownership products.

The three new products are:

A two year discounted product up to 90% of the share being purchased

• 3.99% initial rate (1.6% discount from SVR of 5.59%)
• Valuation fee refunded on completion up to £400
• £199 application fee
• No completion fee
• Up to 75% of the property value

A two year discounted product up to 95% of the share being purchased

• 4.49% initial rate (1.1% discount from SVR of 5.59%)
• Valuation fee refunded up to £400
• £199 application fee
• No completion fee
• Up to 60% of the property value

A two year fixed rate product up to 90% of the share being purchased

• 4.99 fixed for first two years (then to SVR 5.59% variable)
• Valuation fee refunded up to £400
• £199 application fee
• No completion fee
• Up to 75% of the property value

Mike Taylor (pictured), product and marketing Mmanager at The Mansfield, said: “We have put a lot of work into shared ownership, and demand is growing as a result of our individual underwriting service. In response, we have introduced more variety through our new discounted rate products and have ensured the new products are available on a two year term in light of the feedback we’ve received.

“With a refunded valuation and no completion fee, our products are supporting this sector by offering access to competitive funding options.”