The surge in lending in the six months to 30 June has helped the building society to achieve a 4% growth in its net mortgage assets during the same period.
Chief executive Gev Lynott attributed The Mansfield’s mortgage growth to its approach to underwriting, which he explained assessed each case on its own merits, leading to more repeat business from brokers.
“Of course, we are delighted with the figures and while accepting underlying growth momentum in the market, there is no doubt that our strategy of increasing our presence in the intermediary sector has been one of the major factors attributed to the big jump in our mortgage completion volumes,” he said.
“Our growing list of loyal brokers reassures us that our fair, responsible and common sense approach to underwriting continues to meet consumer needs and market demand. Brokers have been quick to praise our team, not only for the way in which enquiries are handled but that each client is given individual treatment by our underwriting team for both prime and niche lending.”
Last month The Mansfield appointed its new chairman Jeremy Cross to replace Nigel Tamplin who retired after working for the society for nine years.
