Building society joins Help to Buy race

Fri, 23 Aug 2013

Building society joins Help to Buy race
Mansfield Building Society (MBS) is the latest financial institution to offer customers a Help to Buy product, as the market grows.

The mutual is offering a three-year variable rate mortgage starting at a discounted rate of 3.49 per cent, which will then raise to 5.59 per cent.

However, the product has an application fee of £199 and a completion charge of £800, which might turn off some consumers looking to spend as little money on administration as possible, although the £400 valuation surcharge will be waived.

As is normal for Help to Buy mortgages, customers do not need to be first time buyers and houses up to a value of £600,000 are covered.

Maximum capital repayment is ten per cent - meaning the minimum payback time is ten years.

MSB chief executive "We previously offered mortgages that supported the FirstBuy and HomeBuy initiatives so it was only natural that we should support the latest government-backed initiative to help people get onto the housing ladder."
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete ourmortgage enquiry form below.

Mortgage, Remortgage or Buy-to-Let Mortgage Enquiry Form

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.


Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy

Get in Touch