Mansfield Building Society has taken its lending north of the boarder, launching its residential mortgage proposition including its prime residential, self-build, Retirement Interest Only (RIO) and Versatility products in Scotland.
Those seeking to purchase, remortgage or build their own residential properties in mainland Scotland* can now benefit from the Society’s flexible approach to mortgage lending.
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% 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.
National Development Manager, Paul Lewis, said that the Society is proud to be increasing the choice and availability of mortgage finance to our friends in Scotland:
“We’re delighted to be extending our proposition to borrowers north of the boarder who can now benefit from our pragmatic, common sense and flexible approach to mortgage lending.
This move shows the dedication and commitment of the Society to offer a valuable alternative to more mortgage brokers, house buyers and homeowners across the UK. Borrowers in Scotland now have access to solutions that meet the needs of individuals wherever they are on their mortgage journey.
The team at The Mansfield have done a terrific job to get us ready for the Scottish legal system and we’re look forward receiving enquiries with immediate effect.
This move demonstrates that we’re continuing to make huge strides - designing products and criteria that provide choice and flexibility for brokers and their clients. We’re excited to be talking to individuals and firms that might not be aware our can-do approach, and growing existing relationships with those who already know us.”
*Mansfield Building Society’s lending in Scotland excludes properties located in the Outer Hebrides, Orkney Islands, Shetland Islands and postcodes IV41-48, IV51-56, KA27, PA20-49, PA60-78 and PH41-44.