Mansfield Building Society has launched a house purchase mortgage to 90% loan-to-value (LTV).
The product sits alongside Mansfield’s 85% LTV remortgage product and both are available to borrowers across England, Wales and Scotland.
The house purchase product to 90% LTV includes a free basic valuation.
The West Brom launches 95% LTV mortgages
Andy Alvarez, head of mortgage sales, said that the new products would provide greater choice for individuals with modest deposits or equity.
He said: “These new products help extend our reach across the UK at higher LTV and they are available to everybody – not only supporting home buyers with low deposits, but also giving access to the Society’s rich criteria and lending policy which is designed to help more borrowers access funding to get them onto, or up, the housing ladder.
“In addition, our remortgage option allows capital raising for home improvements, providing an exciting solution for those wanting to invest in their current home as well as those simply looking for a great deal. Either way, The Mansfield’s here to help.”
