Mansfield Building Society launches Versatility specialist lending brand
03 February 2017
The Mansfield has launched Versatility - the brand given to its range of specialist lending products.
The brand has been launched to highlight the Society’s expansive lending criteria and flexible approach.
For those who have used The Mansfield they will recognise how apt Versatility is given their pragmatic approach, flexible lending criteria and drive to support the needs of individuals whose borrowing requirements are underserved by mainstream lenders.
Lending areas within the Versatility range include:
- FCA regulated (Family) buy to let mortgages
- self employed and contractors
- interest only (including property downsizing as a repayment strategy)
- lending into and in retirement
- family assist mortgages
- property improvements and unusual property types
- credit criteria and income sources
Supporting Versatility is a new product and criteria guide available for brokers to download from the Society’s website.
National Development Manager, Steve Walton, said that Versatility would help brokers and mortgage desks identify niche solutions more easily:
“Brokers have told us that they value our individual underwriting approach and that our lending criteria helps them meet the needs of a wide range of circumstances that they face when dealing with clients on a day to day basis.
So, we’ve launched Versatility because we want to shout about the ways we’re meeting these demands and highlight our expansive lending criteria which continues to be developed to support real life situations.
Our personal approach and pragmatic attitude means that we are now better placed than ever before to help brokers find appropriate solutions that meet the diverse needs of today’s borrowers”.
