Mansfield joins MCI’s panel
MCI Mortgage Club continues to expand its lender panel by adding a sixth building society in as many months.
Mansfield Building Society is the latest mutual to come on board with MCI giving the club’s members more choice as the society has a range of distinctive mortgages.
As well as residential and buy-to-let, Mansfield offers holiday let and regulated family buy-to-let. This where the property is rented to a close relative or the borrower intends to occupy the property in the future.
The society will consider unusual properties, shared ownership, lending into retirement and interest-only with property downsizing as an exit strategy. It also offers a family assist mortgage where no deposit is required as long as a family member can provide security using either cash savings or equity in their home.
Melanie Spencer, head of MCI Mortgage Club, said: “The addition of Mansfield Building Society to our panel brings even more choice to our members. Brokers have access to forward looking lenders and our advanced technology, which makes life easier for them so they can service their clients efficiently and effectively.”
Mansfield lends on properties across England and Wales and has a flexible, manual underwriting approach.
Paul Lewis, national development manager at Mansfield Building Society, said: “We assess and agree mortgages based on individual circumstances rather than rely on the use of automated credit scoring systems. We will consider more unusual situations, we listen to what people want and we help them whether they are after their dream home or a property investment.”