"Mortgage intermediaries are a high priority for us and we’re focused on developing stronger ties with them in 2017."
Chief Executive, Gev Lynott, said that lending to the self-employed was "a particular highlight" and is proud that the Society's approach is highly valued by brokers who appreciate that we can better assess those with different or non-standard income patterns.
Lynott added: “The industry has had to adapt to several changes during 2016, notably the regulatory change imposed by the European Mortgage Credit Directive and government intervention in buy-to-let. The persistent low interest rate environment and new entrants entering the market increased competition throughout the year.
"However, we’ve been able to continue to grow our mortgage book by sticking to our strategy of serving segments that fail to be catered for by high street competitors and by providing a flexible and pragmatic approach to meet individual needs.
"With total assets of over £328million and profit after tax of £1.58million, the Society can reflect on another successful year and look forward to a similar performance in 2017.
"Mortgage intermediaries are a high priority for us and we’re focused on developing stronger ties with them in 2017. To this end, we’ve taken steps to grow our intermediary distribution through networks and clubs with the launch of Versatility, the Society’s specialist lending brand, being the latest step in our support for mortgage brokers.
"Feedback tells us that brokers using The Mansfield value our independent perspective and appreciate the care and consideration that our staff give to each and every case.”
