Mansfield Building Society has announced its launch into the Scottish buy-to-let (BTL) market.
The mutual will introduce its existing business BTL, consumer BTL and regulated family BTL products to borrowers in Scotland.
There will be some postcode restrictions for the Scottish islands.
Mansfield Building Society offers loan sizes between £50,000 and £1m on its BTL range, up to 75% loan to value (LTV).
The mutual will include expat BTL as part of its proposition in Scotland, but not its special purchase vehicle (SPV) limited company BTL or holiday let lending.
Mansfield Building Society recently amended its expat BTL criteria to reduce the rental income requirement.
Portfolio landlords with up to 10 BTL mortgages or properties with other lenders will also be considered.
The launch follows Mansfield Building Society’s recent changes to its criteria, which now include flats in properties of up to 10 storeys.
Tom Denman-Molloy (pictured), intermediary sales manager at Mansfield Building Society, said: “Mansfield’s launch into the Scottish buy-to-let 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 buy-to-let lending or supporting portfolio landlords with affordability through top slicing, we’re looking to add an extra dimension to buy to let in Scotland.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
