The mutual has updated its ‘Versatility’ range, launching two new lower two-year discounted variable rate products.
The range includes products for borrowers with complex circumstances, such as non-standard incomes, historic credit blips, and unusual property types. The products offer affordable mortgage options across two tiers of complexity – Versatility and Versatility Plus.
What’s new?
Mansfield’s latest Versatility product is available for those needing a mortgage between 80% and 85% of the property’s value, at a discounted variable rate of 6.40%. This is a reduction of 0.24 percentage points against its previous offering.
The Versatility Plus product is available up to 80% loan-to-value at a reduced variable rate of 5.95%, down 0.19 percentage points.
Intermediary sales manager at Mansfield, Tom Denman-Molloy, said: “We’re pleased to update our Versatility range with lower discounted variable rates, bringing our customers more affordability alongside our accommodating criteria.
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“These competitive rates mean substantial monthly savings, which is crucial for many borrowers right now.”
