Mansfield BS has launched a new discount variable rate mortgage that should appeal to those with a 25% deposit or more.
The New Discounted Variable Rate Mortgage charges a rate of 2.99% for three years (2.60% discount). There is a maximum loan-to-value of 75%, a fee of £599, and incentives of an offset option and refund valuation (maximum £400).
Free legal fees or £250 rebate are offered to those remortgaging.
This product is likely to prove popular and has been awarded with the maximum of five out of five Moneyfacts stars.
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