The Mansfield sees big jump in mortgage business
05 August 2015
Mansfield Building Society has delivered a 49% increase in mortgage completions in the six months to the end of June 2015.
In the first half of the year the Society saw £34 million of mortgage completions against £22 million written in the same period 12 months prior. The success of its new lending has helped The Mansfield achieve a 4% growth in its net mortgage assets in the six months to 30 June.
According to Chief Executive, Gev Lynott, the Society’s mortgage growth is a result of a pragmatic underwriting approach which assesses each case on its own merits, leading to more repeat business from brokers who have been impressed with the fair treatment and helpful service.
He said, “Of course, we are delighted with the figures and whilst 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.”
Gev continued, “Our growing list of loyal brokers reassures us that our fair, responsible and commonsense 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.
Many lenders claim to be doing the same thing, but only a few, like The Mansfield, are able to deliver sensible underwriting decisions which benefit both client and broker.”
