Mansfield Building Society

The Mansfield Building Society is an independent mutual lending throughout England and Wales. Mortgages are manually underwritten without automated credit scoring systems and take into account individual circumstances.

The society prides itself in offering a personal service from initial enquiry through to completion. A dedicated Intermediary Sales Support Team with Business Development Manager is on hand to assist you if you need to discuss a new case.

Procuration Tables

Gross fee paid by lenderProcuration fee to intermediary

Residential   0.37%
Buy to let     0.42%

All information correct as at 04/01/2017

Residential    0.35%
Buy to let      0.40%

All information correct as at 04/01/2017

Overview

Features:

  • No automated credit scoring
  • Individual underwriting
  • No call centres
  • Dedicated intermediary sales support
  • Referral process outside criteria cases
  • Online applications with simple registration process
  • Secure document upload facility

Products and criteria:

  • Repayment period of up to 35 years subject to the loan being repaid before the oldest applicant reaches 70 years of age for residential mortgages
  • Interest only mortgages available to 75% LTV, including part captial repayment and part interest only on selected mortgages. Acceptable repayment strategy required
  • Residential mortgage products also available up to age 80 years, with repayment 30 years and maximum 60% LTV (conditions apply)

 

  • Right to Buy up to 100% purchase price subject to maximum 75% LTV, excluding flats and maisonettes
  • Help to Buy: Shared equity product
  • Shared Ownership mortgages (geographical restrictions apply)
  • Guarantor facility and family gifted deposit accepted subject to terms and conditions
  • Buy to let up to 70% LTV. Repayment period up to 25 years subject to the loan being repaid before the oldest applicant reaches 85. Maximum five properties with MBS. rental income must be 130% of monthly interest at a national rate of 5%

Address

The Mansfield Building Society
Regent House, Regent Street
Mansfield
Nottinghamshire
NG18 1SS

For enquiries

Visit: www.mansfieldbs.co.uk

Email: brokers@mansfieldbs.co.uk

Call:  01623 676 360

Registration process

Visit their website www.mansfieldbs.co.uk and click on the intermediaries tab and register.