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Mansfield Building Society – Three-Year Discount Mortgage – Direct

Mansfield Building Society – Three-Year Discount Mortgage – Direct

Type: Discounted rate mortgage

Discounted term: Three years

Discount: 0.79%

Payable rate: 4.8%

Minimum loan: £25,001

Maximum loan: Up to 95% 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, basic valuation fee refunded up to £400, available only for properties in England and Wales

Arrangement fee: £599

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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