Mansfield launches 3.95% three-year fix

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Mansfield Building Society has launched a three-year fixed rate mortgage up to 95 per cent LTV for both first and second time home buyers.

The range is fixed at 3.95 per cent, has no application or completion fee and includes a free basic valuation.

The loan is capital repayment only.

Mansfield Building Society national development manager Steve Walton says the latest product offered more choice to first time buyers and the high loan to value purchase sector.

He says: “Figures from Moneyfacts in August suggest that product availability at 95 per cent loan to value has dwindled.

We think it’s important that customers have good quality options and we’re very excited by our range of products to 95 per cent LTV, particularly as this new product which has no upfront fees.”