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.”

Latest POLL

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

FCA updates on enforcement transparency

The Financial Conduct Authority (FCA) has provided an update on its enforcement transparency proposals,...

The Cumberland partners with Uinsure

The Cumberland has teamed up with Uinsure and will now use the fintech to...

LMS sees February growth in instructions and completions

The latest LMS Monthly Remortgage Snapshot for February 2025 reveals a 12% increase in...

The Right Mortgage announces details of 10th Anniversary National Training Event

The Right Mortgage has confirmed details for its flagship National Training Event, set to...

Other news

FCA updates on enforcement transparency

The Financial Conduct Authority (FCA) has provided an update on its enforcement transparency proposals,...

The Cumberland partners with Uinsure

The Cumberland has teamed up with Uinsure and will now use the fintech to...

LMS sees February growth in instructions and completions

The latest LMS Monthly Remortgage Snapshot for February 2025 reveals a 12% increase in...