Mansfield reports record mortgage lending in H1

Ryan Fowler

August 17, 2017

Mansfield Building Society has seen its highest ever volume of monthly applications in March and its highest ever month of completions in June.

Overall mortgage assets rose by 3.7% to £268m in the first half of 2017 whilst the mortgage pipeline of business has more than doubled in last 12 months.

Gev Lynott (pictured), chief executive at the Mansfield, said the growth was a reflection of the society’s focus on the intermediary mortgage market.

Mortgage lending dipped last decade after 2007 crash

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.”

The first half of 2017 also saw the Society launch its Versatility brand, providing greater access to niche products.

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