Mansfield BS moves into Scottish BTL market

Published on

Mansfield Building Society has announced its launch into the Scottish buy-to-let market.

The lender will roll out its existing business buy-to-let, consumer buy-to-let and regulated family buy-to-let products to Scottish borrowers, with some postcode restrictions in place for the Scottish islands.

Borrowing is available with loan sizes ranging between £50,000 and £1 million as well as a maximum 75% LTV available across all its buy-to-let products. While expat buy-to-let is also included, the Society’s SPV limited company buy-to-let and holiday let lending is excluded.

Mansfield’s launch into the Scottish buy-to-let market follows the building society’s recent criteria enhancements which now includes flats in properties of up to 10 storeys.

Portfolio landlords with a maximum of up to 10 buy-to-let mortgages/properties with other lenders will also be considered.

Tom Denman-Molloy, the lender’s intermediary sales manager, said: “Mansfield’s launch into the Scottish buy-to-let market enables us to expand our reach and offering to include Scottish landlords who now have access to our flexible and personal lending solutions.

“Whether it’s our incredibly popular Family buy-to-let lending or supporting portfolio landlords with affordability through Top Slicing, we’re looking to add an extra dimension to buy-to-let in Scotland.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...