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Mansfield BS caps BTL lending at 65% LTV

Mansfield Building Society has limited lending to 65% loan-to-value across its buy-to-let mortgage range in response to the coronavirus outbreak. 

The Society has also temporarily suspended lending on holiday lets. 

Paul Lewis, national development manager at The Mansfield, said: “We’ve developed some terrific broker relationships that we’re keen to continue to support throughout the ongoing crisis but as you’d expect, we’ve had to temper our product range accordingly.


"We hope that the government’s strict measures introduced this week start to make a real impact on the coronavirus pandemic, and that the product and criteria changes imposed will soon be relaxed.”

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