The building society assesses applications on an individual basis. County court judgements over three years old are ignored, while those which are more recent but total less than £500 may be considered. Interest-only mortgages up to the age of 85 are considered.
Complete FS director Tony Salentino said he was delighted to start the year with the addition of the building society: “We now have another lender which believes in individual underwriting and assessment of a client’s situation and circumstances. Mansfield has a proven track record of offering a bespoke underwriting approach which fits in perfectly with our lender model.”
The building society offers loans of up to £300,000 at 75% LTV or £400,000 at 70% LTV, with rates from 5.59% standard variable rate. The news comes two months after PMS appointed the building society to its lender panel.
Mansfield Building Society sales and marketing manager Mike Taylor said he looked forward to working with Complete FS: “Our philosophy at Mansfield Building Society is built on treating each client as an individual, which means we take the trouble to look at each application in a way that gives us the best insight into a customer’s circumstances.
“It is our contention that this can only be achieved by having a trained underwriter look at each application.”
