Mansfield Building Society cuts rates and adds new deals – Mortgage Strategy

Mansfield Building Society has made several changes to its mortgage range, including  cutting rates by up to 0.70% across its fixed rate products and adding new deals.
New products include prime residential five-year fixes, up to 95% LTV with a rate of 5.79%, and rates of up to 5.59% are available for up to 90% LTV.
Reduced rates on two-year fixes now start at 5.29%  for up to 80% LTV and 5.79% for up to 90% LTV.
For purchase only, rates start at 6.19% for 90 to 95% LTV two-year fixes.
The lender’s shared ownership rates have been reduced by up to 0.70%, and buy-to-let rates have decreased by up to 0.40%.
New shared ownership products start from 5.49% for a five year fix up to 95% of the share (up to 75% of the property value), while for a consumer buy-to-let, rates from 5.39% are available up to 75% LTV on a five-year fix.
The Society’s follow-on rate, which is discounted from its SVR and applies at the end of the initial term for prime residential and Versatility mortgages, will be reduced from 7.15% to 6.90%.
The Mansfield intermediary sales manager Tom Denman-Molloy says: “The recent rate reductions across our prime residential, Shared Ownership, and Buy-to-Let product ranges are designed to support affordability and provide greater choice.”