Mansfield Building Society has cut fixed rates across its Versatility and Credit Repair mortgage ranges, as specialist lenders seek to support brokers navigating a more uncertain market backdrop.

The mutual said the reductions affect products aimed at borrowers who fall outside mainstream criteria, including those with impaired credit profiles and applicants with more complex income arrangements.

Within its Credit Repair range, the fixed rate to 31/05/2031 at up to 70% loan to value has been reduced by 0.40% to 5.99%.

In its Versatility range, the Versatility Plus two-year fixed rate at up to 80% loan to value has been cut by 0.20% to 5.99%, while the Versatility two-year fixed rate at up to 85% loan to value has also been reduced by 0.20% to 5.99%.

Mansfield said its Credit Repair proposition is designed for borrowers with historic or recent credit issues, including credit defaults, active Debt Management Plans and discharged bankrupts from day one. The society said the range is underpinned by its manual underwriting approach.

The Versatility range is aimed at borrowers whose circumstances do not fit standard lending criteria. This includes clients with minor credit blips, complex income structures, skilled worker visas and self-employed applicants with just one year’s trading history, as well as cases involving unusual or non-standard property types.

Tom Denman-Molloy (pictured), head of sales at Mansfield Building Society, said: “As a building society, we’re focused on delivering specialist lending with a genuinely personal approach to underwriting. Our funding model enables us to support complex sectors consistently and fairly.

“These reductions across our Versatility and Credit Repair ranges underline our continued commitment to the specialist market and provide valuable support for brokers working to place complex cases.”