Mansfield Building Society has made a series of positive criteria changes to support borrowers and widen access to its range of mortgage products.
The Society has returned its maximum loan-to-value (LTV) for debt consolidation to 90% with the criteria designed to open up more opportunity for homeowners looking to manage their finances through remortgaging.
Gifted deposits are also now accepted on credit repair cases, helping more families support loved ones with their homeownership plans, even where there have been historic credit blips.
Additional updates include standardising downsizing criteria across the UK, with a minimum equity requirement of £200,000 regardless of location, and removing the maximum age limit on Buy to…
