Proc. fees have been increased to 0.35% for residential mortgages and 0.4% for buy-to-let, with no maximum cap.
The lender has also confirmed it will stay in the Help to Buy scheme following Halifax and Nationwide limiting its products to first-time buyers through the broker channel.
Mansfield said despite bigger lenders appearing to turn their back on certain sections of the market it and other smaller lenders would continue to support the scheme fully.
Business development manager Stuart Bryce (pictured) said it was time for smaller lenders to step up and fill any gaps in the market.
“While the headlines show larger lenders beginning to restrict access to Help to Buy, The Mansfield is fully committed to the scheme,” he said.
“We value the relationships we are building with the broker market. From the increasing volumes we are receiving post Mortgage Market Review, it is clear that our underwriting stance based exclusively on human underwriters, rather than relying on a computerised credit score model, is gaining us a lot of new friends and more importantly, satisfied customers.”
