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Mansfield Building Society – Three-Year Discount Mortgage 90% LTV

Mansfield Building Society – Three-Year Discount Mortgage 90% LTV

Discounted term: Three years

Discount: 1.64%

Payable rate: 3.95%

Minimum loan: £25,001

Maximum loan: Up to 90% of valuation subject to a maximum of £200,000

Income multiples: Up to 3.5 times principal income plus 1.25 times second or three times joint, plus 1.25 times guarantor’s income for guarantor applications

Conditions: Capital repayments of up to 10% a year allowed without penalty in the discount period free basic valuation, £250 contribution towards legal fees for house purchase, free legal fees through Mansfield’s nominated solicitors or £250 contribution towards legal fees, available direct or through intermediaries, available only for properties in England and Wales

Arrangement fee: None

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

Introducer’s fee: 0.3% of the original loan subject to a £1,000 maximum

Tel: 01623 676360

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