Mansfield Building Society Fixed 4.99% for 2 years
Assumed borrowing of £125,000 over 25 years, representative 5.5% APRC. Total amount payable: £230,674.09. Includes interest of £105,475.09, Valuation fee of £0, Booking fee of £199 and Administration fee of £0. Repayments: 24 monthly repayments of £730.01 at 4.99% (fixed), then 276 monthly repayments of £771.58 at 5.59% (variable).
Mansfield Building Society customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
Not rated |
Eligibility
| Maximum age | 70 |
|---|---|
| Minimum age | 18 |
| Location | England, Wales |
| Restricted location note | N/A |
| Existing customer note | N/A |
| Eligibility notes | Maximum 95% LTV on the share being purchased, with this share not exceeding 75% of the full value (this is also for new builds and purpose built flats). |
Mortgage product details
| Mortgage types | Purchase, First time buyer |
|---|---|
| Deal type | Fixed |
| Tracker type | Standard variable rate |
| Payment options | Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | Up to a maximum of 10% of the original mortgage advance will be allowed each calendar year |
| Offset mortgage | No |
| Help to Buy mortgage | No |
| Shared ownership mortgage | Yes |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | No |
Product fees
| Arrangement fee | £0 |
|---|---|
| Arrangement fee can be added to loan | No |
| Booking fee | £199 |
| Telegraphic transfer fee | £25 |
| Insurance fee | £25 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £25,000 |
|---|---|
| Maximum borrowing amount | £300,000 |
| Minimum term (years) | 0 |
| Maximum term (years) | 35 |
| Initial deal end date | N/A |
| Initial deal length (months) | 24 |
| APRC | 5.52% |
| Initial rate | 4.99% |
| Revert-to rate | 5.59% |
| Maximum LTV | 95.0% |
Other charges
| Exit fees | £150 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | From £102 for property value above £50,000 |
| Early repayment note | 2% of agreed advance in the first 2 years |
Standard benefits
| Valuation admin fee excluded from any refund offer | Yes |
|---|---|
| Maximum free valuation | £400 |
| Cash back amount | £0 |
| Further notes about benefits | N/A |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Refunded |