Mansfield Building Society has cut rates on several deals in its Versatility range by up to 24 basis points.
The range is designed for borrowers with complex circumstances, such as non-standard income, historic credit blips and those buying unusual property types.
The products have two tiers of complexity – Versatility and Versatility Plus.
In the Versatility tier, Mansfield has launched a new discount variable deal at 80-85% loan-to-value, with a rate of 6.4%, which is 24bps lower than its previous equivalent deal.
In the Versatility Plus tier, it has launched an 80% LTV at a reduced variable rate of 5.95%, down 19bps from the previous 6.14% rate.
Intermediary sales manager Tom Denman-Molloy says: “We’re pleased to update our Versatility range with lower discounted variable rates, bringing our customers more affordability alongside our accommodating criteria.
“These competitive rates mean substantial monthly savings, which is crucial for many borrowers right now.
“These updates demonstrate that we are responsive to market changes and supporting both brokers and borrowers with mortgage products that improve affordability and offer sustainable choices.”
