Mansfield Building Society has increased the maximum loan to value (LTV) for debt consolidation and changed the criteria around gifted deposits and downsizing and the maximum age for buy-to-let (BTL) applicants.
The maximum LTV for debt consolidation has been returned to 90%, which the lender said would “open up more opportunity for homeowners looking to manage their finances through remortgaging”.
Mansfield Building Society said it would also accept gifted deposits for credit repair cases, which would help support more with homeownership even if they have credit blips.
Standard downsizing criteria across…
