Mansfield Building Society launches variable tracker
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The Mansfield Building Society has launched a variable tracker at Bank of England base rate plus 2.75% available both direct and via brokers.
It is available for both house purchase and remortgage cases at up to 75% LTV and term is applicable for the whole of the repayment period.
The current pay rate is 3.25% and the product carries a minimum pay rate of 2.75%.
The LTV includes a £250 arrangement fee which is added to the loan, and a basic valuation fee is refunded on completion up to a maximum of £400.
The maximum loan size available is £300,000.
Peter Doherty, product manager at the Mansfield Building Society, says: “We have introduced this tracker product to ensure we offer brokers a competitive mortgage for clients wanting to take advantage of the low current base.
“This tracker complements our existing portfolio of discounted rate schemes available to brokers which is continually monitored to remain competitive in the market.”
