Mansfield Building Society
CAPPED RATE MORTGAGE
Capped term: Two years.
Capped rate: 5.99 per cent.
Minimum loan: £25,001.
Maximum loan: Up to 95 per cent of valuation subject to a maximum of £250,000. For borrowers outside of Mansfield catchment area (75 mile radius) – up to 90 per cent of valuation subject to a maximum of £250,000.
Income multiples: Three times principal income plus second or 2.5 times joint.
Arrangement fee: None.
Redemption fee: Six months' interest in years one and two decreasing by one months' interest a year to three months' interest in year five.
Conditions: None, but six months' free accident, sickness and unemployment insurance for all borrowers.
Introducer's fee: 0.5 per cent of loan subject to a minimum of £100 and a maximum of £250.
Tel: 01246 202055.