Mansfield Building Society launches new High LTV products
09 April 2021
Mansfield Building Society has launched a new house purchase mortgage to 90% LTV, alongside its remortgage product to 85% LTV - both products are available to borrowers across England, Wales and Scotland.
Not only are these products available nationally, they also benefit from the Society’s flexible approach to lending which can be especially appealing to those with low credit scores, and those looking to raise capital for home improvements.
The house purchase product to 90% LTV includes a free basic valuation. This will be seen as a welcome addition in the low deposit, first time buyer space, from the mutual that has continued to offer its 100% LTV Family Assist mortgage throughout the pandemic.
Head of Mortgage Sales, Andy Alvarez, said that the new products would provide greater choice for individuals with modest deposits or equity, and provide access to our pragmatic, can-do approach, which considers each application on its merits:
“These new products help extend our reach across the UK at higher LTV and they are available to everybody - not only supporting home buyers with low deposits, but also giving access to the Society’s rich criteria and lending policy which is designed to help more borrowers access funding to get them onto, or up, the housing ladder.
In addition, our remortgage option allows capital raising for home improvements, providing an exciting solution for those wanting to invest in their current home as well as those simply looking for a great deal. Either way, The Mansfield’s here to help.”
