Sesame launches exclusive mortgage products via The Mansfield Building Society

→ Appointed representatives of Sesame network today have access to three new exclusive mortgage products from The Mansfield Building Society.

PRESS RELEASE

9 October 2012

Sesame launches exclusive mortgage products via The Mansfield Building Society

Appointed representatives of Sesame network today have access to three new exclusive mortgage products from The Mansfield Building Society.

The three year fixed rate products are available at 3.66 per cent for loans up to £400,000 and £300,000 at 75 and 80 per cent loan to value respectively. The products include a refund of the basic valuation fee and are available for clients looking to purchase a property or remortgage an existing one.

The third product is a three year discounted rate product, available at 3.75 per cent for buy-to-let applicants. It offers a 1.84 per cent discount off the Society’s standard variable rate (currently 5.59 per cent), available for loans up to 70 per cent loan to value. Again, this is available for clients looking to purchase a property or remortgage an existing one.

Robert McCoy, senior product and communications manager, commented:

These exclusive products are excellent additions for our members. The security of a low fixed rate mortgage will be popular amongst many clients. Additionally, The Mansfield individually underwrites all applications and does not credit score applications, which allows its underwriters to take into account clients’ personal circumstances.

Mike Taylor, sales and marketing manager at The Mansfield added:

We are pleased to be able to offer these products as an exclusive to Sesame members. They are competitive and we are confident that they will help to strengthen our new relationship with Sesame. The fact that we consider applications on their individual merit and do not credit score is an added attraction.
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Full product details:

Mainstream Products

  • 3.66% fixed for 3 years
  • Available for Purchases & Remortgages
  • Up to Maximum 75% LTV
  • Maximum Loan £400,000
  • Application fee £199 (payable upfront and is non-refundable)
  • Completion Fee £1100 (added to loan on completion)
  • Refund of Basic Valuation fee (max £400)
  • ERC: 3% during the first 3 years, 10% overpayments allowed during fixed rate period
  • 3.66% fixed for 3 years
  • Available for Purchases & Remortgages
  • Minimum LTV 75% - Maximum 80% LTV
  • Maximum Loan £300,000
  • Application fee £199 (payable upfront and is non-refundable)
  • Completion Fee £1100 (added to loan on completion)
  • Refund of Basic Valuation fee (max £400)
  • ERC: 3% during the first 3 years, 10% overpayments allowed during fixed rate period

Buy to Let Product

  • 3.75% (1.84% discount for 3 years)
  • Current Variable rate of 5.59%
  • Available for Purchases & Remortgages
  • Maximum 70% LTV
  • Maximum Loan £300,000
  • Application fee £199 (payable upfront and is non-refundable)
  • Completion Fee £1800 (added to loan on completion)
  • ERC: 3% during the first 3 years, 10% overpayments allowed during fixed rate period
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    Further media enquiries
    Jared Aitken, Head of media relations
    Sesame Bankhall Group
    Mobile: 07801 500466
    e: jared.aitken@sesame.co.uk

    Jon Atkins, MRM
    Office: 020 3326 9915
    Mobile: 07557 286721
    e: jon.atkins@mrm-london.com

    About Sesame Bankhall Group

    Sesame Bankhall Group (SBG) operates three distinct distribution brands.

    • Sesame is the UK’s largest appointed representative (AR) network with 1,300 member firms.
    • Bankhall is the market-leading support services business for 1,500 directly regulated IFAs.
    • PMS operates the largest mortgage club for directly regulated mortgage brokers in the UK.

    Services provided include compliance and regulatory support, access to one of the UK’s most comprehensive training and development programmes, in-depth product research, preferential PI terms and access to the latest technology to enable advisers to write business more efficiently.

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Sesame Bankhall Group Limited, company number 3573352. Sesame Limited, company number 2844161. Sesame Services Limited, company number 2338540. Bankhall Support Services Limited, company number 2785381. Sesame General Insurance Services Limited, company number 01902998. Premier Mortgage Service Limited, company number 05011650. Each company is registered in England & Wales with a registered office at Pixham End, Dorking, Surrey, RH4 1QA. Bankhall Support Services Limited and Sesame Limited are authorised and regulated by the Financial Conduct Authority. Sesame General Insurance Services Limited and Premier Mortgage Service Limited are appointed representatives of Sesame Limited.