Mansfield Building Society has made a series of rate cuts across its holiday let, high-LTV and Versatility mortgages.

Specifically, the 95 per cent LTV two-year discount has been cut from providing an initial rate of 3.55 per cent variable to 2.99 per cent variable, and the three-year holiday let discounted product has had its initial pay rate cut from 3.65 per cent to 3.45 per cent.

Additionally, within the Versatility product suite, which is aimed at complex clients, the two-year Versatility 3 discounted has had 0.10 per cent cut to now provide an initial rate of 3.99 per cent variable, and the Versatility 4 product has had the same basis point cut to give an initial rate of 4.39 per cent variable.

Mansfield national development manager Paul Lewis says: “We hope the new pricing will provide an incentive for brokers and their clients to take advantage of our flexible approach to lending. We’re keen to increase the visibility of our well-priced discounted rates for those with circumstances who don’t meet automated scorecard criteria.”