New a tracker mortgage is added to the Mansfield range.
The Mansfield BS has announced that a new tracker mortgage has been added to its mortgage range.
With Libor rates having dropped prior to news of rate fixing by UK banks, some lenders reacted by cutting their mortgage rates and others issued new low rate products.
For those willing to take on a little risk to get a cheap rate, Mansfield BS is now offering a lifetime tracker mortgage for 75 per cent loan to value at 2.75 per cent plus base for the life of the deal.
The new deal is available for both new house purchase and remortgage up to a maximum of £300,000.
A £250 arrangement fee will be charged but standard valuation fees up to a maximum of £400 will be refunded upon completion.
In addition to the new tracker mortgages, new 3 fixed rate mortgages have also been added to the range.
For 75 per cent LTV a 3 year fixed is available at 3.75 per cent and for 80 per cent LTV an initial rate of 3.18 per cent is offered.
Peter Doherty the Mansfield BS product manager commented on the new products advising that lower funding costs are enabling the lender to release highly competitive new fixed and tracker mortgage products.
If you are interested in comparing Mansfield's mortgage rates against other lenders competitive offers call Deal Direct today.
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