Here is the latest release from Mansfield Building Society. To view our products or for more information, visit our website here or contact the Brilliant Solutions team.
We’re proud to support first time buyers with a flexible approach. Our lending options up to 95% LTV include the following accommodating criteria options:
- Multiple applicants: we accept up to 4 applicants on a mortgage with up to 2 incomes used in assessing affordability.
- Gifted family deposits: a non-repayable and non-interest bearing gift from a parent, sibling, child, grandparent, aunt or uncle. Extended family can be considered providing a long-established relationship with the applicant can be confirmed.
- Joint Borrower Sole Proprietor: A close family member contributes to the mortgage but doesn’t appear on the title deeds. The residential applicants are expected to have a career path which should enable them to afford the mortgage outright in the near future.
- No credit scoring: applicants considered with little or no credit history or who may have failed credit scores with other lenders. Soft footprint credit searches conducted for a Decision in Principle (DIP).
NEW max loan sizes from 1 July 2025
For loans over 80% LTV and up to 90% LTV our maximum loan size is now £750,000. As well as houses, we can accommodate city centre flats up to 90% LTV in blocks of up to 10 storeys. Maximum 85% LTV for new build flats.
For house purchase loans over 90% LTV and up to 95% LTV our maximum loan size is now £500,000.
More information about our products and services, including our affordability calculator and applying through our online portal, is on our website at mansfieldbs.co.uk/intermediaries.