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TODAY'S OTHER NEWS

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.

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"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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