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Mansfield BS launches in Scotland

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  • 03/09/2019
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Mansfield BS launches in Scotland
Mansfield Building Society has taken its lending north of the border, launching its residential mortgage proposition including its prime residential, self-build, retirement interest-only (RIO) and Versatility products in Scotland.

 

Residential criteria available from The Mansfield includes capital repayment and interest-only lending up to age 85, interest-only with property downsizing, Family Assist at 100 per cent loan to value (LTV) and support for self-employed and contractors, including zero hours contracts.

Unusual property types can also be considered as part of the lender’s Versatility proposition. 

The mutual said its move to Scotland was a “natural progression” of its company as market research, queries and demand from intermediaries prompted its decision to offer its products to the region. 

The building society has four branches in England and also operates in Wales. 

National development manager Paul Lewis (pictured), said the society was proud to be increasing the choice and availability of mortgage finance to customers in Scotland. 

“We’re delighted to be extending our proposition to borrowers north of the border who can now benefit from our pragmatic, common sense and flexible approach to mortgage lending,” he said. 

 

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