Mansfield Building Society

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.

Proc Fees

Product Gross Net
Residential 0.37% 0.35%
BTL 0.42% 0.40%
Product Type When does the lender pay PMS? Frequency
All Cases completed 16th of the previous month - 15th of the current month Monthly

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Overview

Register Lender-InfoBoxWhite

Register to place business with Mansfield Building Society:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Register

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 85 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
  • Guarantor facility and family gifted deposit accepted subject to terms and conditions
     

Vida Homeloans Videos