The Mansfield sees record mortgage lending in H1and a doubling of its mortgage pipeline
17 August 2017
Mansfield Building Society is set for another strong year of mortgage growth after experiencing its highest ever volume of monthly applications in March and its highest ever month of completions in June. In addition, the mortgage pipeline of business has more than doubled in last 12 months.
Overall mortgage assets rose by 3.7% to £268million in the first half of 2017, boosted by the continued success of the Society’s strategy of focusing on underserved segments of the mortgage market.
The Society has also been busy strengthening ties with a number of key networks and mortgage clubs; further enhancing The Mansfield’s reputation as a pragmatic, can do lender.
The first half of 2017 also saw the Society launch its Versatility brand, providing greater access to niche products. The launch of its self-build Accelerator mortgage product (which enables advance stage payments) topped off a busy period for the lender.
Chief Executive, Gev Lynott, said the growth was a reflection of the Society’s focus on the intermediary mortgage market and testament to positive broker feedback around the Society’s individual approach to lending: “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.”
