New fixed rate mortgages are launched by the Mansfield.
Fixed rate mortgage deals are a popular choice for risk averse home-owners looking to buy, and remortgaging home-owners looking to switch deals to save money.
Fixed rates are getting cheaper and cheaper. In fact only recently Tesco released a 2 year fix at 60% loan to value at under 2%.
Tesco are not the only lender to cut rates. Since the Government launched the funding scheme many lenders have cut rates and historically low mortgages have been on offer.
The Mansfield have launched a new rate of 3 year fixes starting from 3.66% for both 75% and 80% loan to value. The new range is offered for both new property purchase and remortgage.
As an added incentive the mortgage-holders will receive a refund of a basic mortgage valuation fee.
The lender's buy to let fixed rate mortgage range has also been improved.
A discounted 3 year buy to let mortgage has been released at 3.75% for 70% LTV. This new offer is 1.84% discount on Mansfield's SVR which is currently5.59%, ans is available for both new purchase and remortgage.
A Mansfield spokesperson commented on the range saying that the lender is pleased to offer a new fixed rate mortgage range, which it believes to be highly competitive.
To review all fixed rate mortgage options call Deal Direct.
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