Mansfield returns 95% of residential LTV loans
“Brokers will be able to use flexible features such as grant deposits, guarantors, and single owner spouse borrower loans for their clients.”
Mansfield Building Society has increased its product offering above 80% with three new fixed rates, including a 95% home purchase product for first-time buyers and movers.
In addition to two and three year home buying products of up to 90%, the new products all come with a free basic assessment and are available across England, Wales and Scotland. , subject to postcode restrictions in Scotland.
Mortgage Sales Manager Andy Alvarez said: “We are excited to offer more availability in the high loan-to-value space, as brokers and their clients will appreciate how our case-by-case real-world common sense assessment can be applied with product features. attractive.
“Brokers will be able to use flexible features such as deposits, guarantors and single-owner spouse borrower loans for their clients.
“It is so important that lenders allow borrowers with more complex needs to benefit from these higher LTV products.”