Mansfield Building Society
How to register with this lender as a new user
To register with Mansfield Building Society, complete a registration form available from the Society’s website at mansfieldbs.co.uk/intermediaries.
How to add Mortgage Club as a payment route with this lender
The intermediary must reference the mortgage club on the mortgage application form or when applying through the online portal.
About The Mansfield
The Mansfield is an independent mutual building society that lends across England and Wales. Our wide range of residential, buy to let and shared ownership mortgages, coupled with our flexible underwriting approach, enables us to assess and agree mortgages based on individual circumstances rather than rely on automated credit scoring systems.
Our Products and Key Criteria
- Purchase up to 95% loan to value (LTV)
- Remortgage up to 90% LTV
- Capital repayment up to age 85 available subject to LTV
- Interest only mortgages: maximum 75% LTV up to age 70 and 60% LTV up to age 80. Part capital repayment part interest only available
- Shared Ownership up to 95% share and 75% property value
- Self employed: 1 year’s accounts considered on selected products up to 80% LTV
Buy to Let
Top Slicing product available up to 80% LTV (earned income and rental income), rental income alone must be 100% of the product pay rate calculated on an interest only basis
Standard Business Buy to Let available up to 75% LTV, professional landlords but not limited companies
FCA Regulated Family Buy to Let available up to 75% LTV (property to be let to a close relative)
Consumer Buy to Let available up to 75% LTV, subject to product availability
Rental income: 125% of the monthly mortgage interest calculated at 5.5% or 2% above pay rate, whichever is the higher, except Business Buy to Let higher rate tax payers on house purchase or remortgage with capital raising, where rental income must be 145% at 5.5% or 2% above pay rate, whichever is the higher
Maximum mortgage term 25 years up to age 85
Business Buy to Let portfolio size: up to 5 with us (max overall £1m borrowing) and up to 15 with other lenders
Our Service to Intermediaries
We have an affordability calculator available via our website. We also offer an underwriter assessed Decision in Principle and a secure online portal for mortgage applications.
If you wish to discuss a mortgage case or check our lending policy, please call our Intermediary Sales Support team on 01623 676360 or email firstname.lastname@example.org.
|Fee received from lender
|We'll pay you
|Buy to Let||0.420%||0.400%|
|Retirement Interest only (RIO)||0.500%||0.480%|