Mansfield Building Society has reinstated its 90% loan-to-value (LTV) cap for debt consolidation cases to help borrowers seeking to remortgage to manage their finances more effectively.
The return to 90% LTV for debt consolidation will enable homeowners to access a greater portion of their property’s value when seeking to consolidate debts, addressing a key challenge in the current cost-of-living climate. It follows a growing recognition that mainstream lenders often exclude borrowers with more complex needs.
In a further development, gifted deposits are now accepted for credit repair cases, making it easier for families to assist relatives in securing a mortgage—even where there have been historic credit issues. This change…
