In the same period the Society also achieved its best ever mortgage completions of £70m, an increase of 35% on the previous year.
The record year for completions included uplifts in buy to let, shared ownership, self build and low deposit mortgages, as well as growth in mainstream residential lending.
Chief Executive, Gev Lynott, said:
“2015 saw significant competition amongst lenders, with mortgage pricing being driven down to all time lows. However, the reality is that whilst this pricing is certainly eye-catching, a great many potential mortgage borrowers are excluded because they don’t conform to the tick box mentality of automated credit scoring systems.
"Mutual organisations like The Mansfield have an important part to play in the mortgage industry. The absence of external shareholders means that we provide a more personal service with a commonsense focus on the needs of individuals rather than allowing a computer to give a yes or no response based on statistical analysis."
