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Mansfield stands behind Help to Buy

Ryan Fowler

July 1, 2014

From today Mansfield’s procuration fees for brokers have been increased to 0.35% for residential and 0.4% for buy-to-let with no maximum cap in a further demonstration of support.

The building society expects smaller lenders to continue to support the scheme fully moving forward.

Stuart Bryce, business development manager, said: “While the headlines show larger lenders beginning to restrict access to Help to Buy, The Mansfield is fully committed to the scheme.

“We value the relationships we are building with the broker market.

“From the increasing volumes we are receiving post Mortgage Market Review, it is clear that our underwriting stance based exclusively on human underwriters, rather than relying on a computerised credit score model, is gaining us a lot of new friends and more importantly, satisfied customers.”


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