"Mansfield’s launch into the Scottish BTL market enables us to expand our reach and offering to include Scottish landlords who now have access to our flexible and personal lending solutions"
- Tom Denman-Molloy - Mansfield Building Society
Mansfield Building Society has announced its launch into the Scottish buy-to-let market following recent criteria enhancements which now includes flats in properties of up to 10 storeys.
Borrowing is available with loan sizes ranging between £50,000 and £1 million as well as a maximum 75% LTV available across all its BTL products. Whilst Expat BTL is also included, the Society’s SPV Ltd Company BTL and Holiday Let lending is excluded. However, some postcode restrictions are currently in place for the Scottish islands.
Portfolio landlords with a maximum of up to 10 BTL mortgages/properties with other lenders will also be considered.
Intermediary Sales Manager Tom Denman-Molloy commented: “Mansfield’s launch into the Scottish BTL market enables us to expand our reach and offering to include Scottish landlords who now have access to our flexible and personal lending solutions.
"Whether it’s our incredibly popular Family BTL lending or supporting portfolio landlords with affordability through Top Slicing, we’re looking to add an extra dimension to BTL in Scotland.”
