The Mansfield opens up shared ownership to all brokers

Published on

The Mansfield Building Society has widened the distribution of its shared ownership mortgage offer to all mortgage intermediaries across England and Wales.

The Mansfield’s proposition, which was previously only available to specialist shared ownership brokers, includes a two-year fixed rate mortgage available up to 95% loan to share (75% LTV) with no completion fee and a free basic valuation.

Andy Alvarez (pictured), head of mortgages sales at the Mansfield, said: “Offering a high quality experience for borrowers is really important to us at The Mansfield. We have been active as a shared ownership lender for many years now and have partnered with specialist brokers to ensure that we can provide the service that these borrowers need.

“Whilst we will continue to work in partnership with sector specialists, we also recognise that shared ownership is maturing and we wanted to open up our offer to more brokers. We’re confident that we can continue to offer our service to the high standards we expect for all brokers and provide their clients with the freedom and flexibility they need.

“This is the first of many positive changes coming up from The Mansfield Building Society which we look forward to sharing with the industry in the weeks to come.”

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 warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...

Reward Funding passes lending milestone

Reward Funding has passed the £350m loan book milestone for the first time in...

London’s luxury lettings market surges 154% as wealthy tenants opt to rent

London’s prime lettings market has more than doubled in size during the first half...

3.3 million households locked out of home ownership

More than three million households have been priced out of home ownership since the...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Leasehold fees, specialists and the need to shop around

Leasehold properties account for around 20% of all dwellings in the UK, and while...

Other news

FCA warns of surge in impersonation scams as fraudsters target older victims

Almost 5,000 reports of fraudsters impersonating the Financial Conduct Authority (FCA) were made in...

AS Financial rebrands to showcase growth beyond mortgages

AS Financial, the London-based financial advisory firm, has unveiled a bold new brand identity...

Reward Funding passes lending milestone

Reward Funding has passed the £350m loan book milestone for the first time in...