Mansfield BS slashes buy-to-let rate | Product News - Moneyfacts

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Mansfield BS slashes buy-to-let rate

Mansfield BS slashes buy-to-let rate

Category: Buy To Let
Date: 26/03/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Mansfield Building Society has reduced selected buy-to-let mortgage rates by up to 0.40%.

The basics…The pick of the bunch is the three-year discounted variable rate mortgage at 3.49% (2.10%) discount.

This product is available to investors with at least a 30% deposit and charges a reasonable fee of £999.

The finer details….Investors must borrow a minimum of £50K up to a maximum of £500K.

Why we like it….This rate reduction sees Mansfield BS's three-year buy-to-let mortgage become the lowest discounted rate for its term at 70% loan-to-value. Although there are no incentives, the fee is a reasonable £999, which, combined with the low rate, makes this a Moneyfacts Best Buy.

Four out of five Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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