Mansfield Building Society has stepped up its game with a new discounted variable rate mortgage available at 90% loan to value.
The rate of 4.89% for three years is low and although this could increase should the base rate change, some borrowers may prefer to take this risk rather than opt for a higher rate with a fixed deal.
The deal has no fee which should help attract interest from those borrowers with limited set-up funds.
Sure to appeal to those with the necessary 10% deposit, this mortgage earns four out of five Moneyfacts stars.
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