You are here: Home - News -

Clever Lending appoints Mansfield BS to panel

by:
  • 30/09/2016
  • 0
Clever Lending appoints Mansfield BS to panel
Master broker Clever Lending has appointed Mansfield Building Society to its panel of first charge lenders.

The partnership will see the launch of Mansfield’s complex prime mortgage products, which offer two-year discount rates currently starting at 3.44% variable.

Elsewhere the lender offers complex loans of up to £300,000 at 80% loan-to-value (LTV) or up to £400,000 at 70% LTV.

The firm assesses applications on an individual basis and does not use automated credit scoring. Its complex criteria account for a range of income, employment, credit history, and purchase situations.

Clever Lending managing director Sam Kirtikar, said: “The Mansfield has a proven track record of offering a pragmatic, manual underwriting approach which fits in perfectly with our lender model.”

He added: “We are noticing more and more brokers contacting us with cases that have been declined by the high street lender’s credit score decisioning systems. It’s therefore good to see lenders come to market having thought about criteria gaps and providing solutions for clients where technically the computer says no.”

Clever Lending is a specialist distributer of first and second charge mortgages as well as bridging and commercial finance products.

In April it joined the Homeloan Partnership panel for intermediaries with a view to provide access to second charge mortgages and other niche lending products to the network’s 380 advisers.

There are 0 Comment(s)

You may also be interested in