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Mansfield Building Society – Fee-Free  3-Year 2% Discount Offset

Mansfield Building Society – Fee-Free  3-Year 2% Discount Offset

Type: Discounted-rate offset mortgage

Discounted term: Three years

Discount: 2%

Payable rate: 3.59%

Minimum loan: £50,000

Maximum loan: Up to 75% of valuation subject to a maximum of £300,000

Income multiples: Based on affordability

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily, offset facility

Conditions: Capital repayments of up to 10% a year allowed without penalty in the first three years, valuation fees refunded up to £400, free in-house legal fees for remortgages or £250 cashback if own solicitors used, available direct and through intermediaries

Arrangement fee: None

Redemption fee: 3% of the original loan in the first three years

Introducer’s fee: Refer to lender

Contact: www.mansfieldbs.co.uk

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