The Mansfield reports record mortgage lending as pipeline doubles

Mansfield Building Society has reported its highest ever volume of monthly applications in March and its highest ever month of completions in June, as part of its H1 results.

Related topics:  Mortgages
Rozi Jones
17th August 2017
Gev Lynott Mansfield
"Our success continues to be achieved by focusing on our service proposition; providing greater access to mortgage finance in areas underserved by the high street banks"

In addition, the mortgage pipeline of business has more than doubled in last 12 months, while overall mortgage assets rose by 3.7% to £268 million in H1.

The first half of 2017 also saw the Society launch its Versatility brand, providing greater access to niche products, and the launch of its self-build Accelerator mortgage product.

Chief Executive, Gev Lynott, said the growth was a reflection of the Society’s focus on the intermediary mortgage market.

He said: “In the current mortgage market, more and more brokers are telling us how highly they value a lender that takes a common sense view of their clients’ circumstances. We’re keen to maintain this approach whilst at the same time enhancing our service in areas that really matter to our brokers.

"By continuing to invest in our people, upgrading our online capabilities, and being easy to deal with, we’re well-placed to deliver another year of excellent mortgage growth. Equally importantly, our success continues to be achieved by focusing on our service proposition; providing greater access to mortgage finance in areas underserved by the high street banks; and by providing a straightforward, responsive and pragmatic service that our clients truly value.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.