Mansfield Building Society
Building SocietyMansfield Building Society is a Nottinghamshire-based mutual offering residential and buy-to-let mortgages with flexible criteria, known for its willingness to consider applicants with adverse credit history and non-standard circumstances.
About Mansfield Building Society
Mansfield Building Society was established in 1870 in the Nottinghamshire market town of Mansfield. The society has served its community for over 155 years and has grown into a well-regarded regional lender with a reputation for flexibility and pragmatic underwriting.
Mansfield Building Society has distinguished itself by its willingness to consider applicants with impaired credit histories. While not a specialist adverse credit lender, the society takes a pragmatic view of past credit issues and assesses each case individually. This approach, combined with flexible criteria for self-employed borrowers and those with complex income, has made Mansfield a popular choice for borrowers who struggle to meet the rigid requirements of high street lenders.
The society offers residential and buy-to-let products and works with mortgage brokers across England and Wales in addition to serving customers directly through its branches. Mansfield Building Society is committed to its mutual values and community roots. It is regulated by the FCA and PRA and is a member of the Building Societies Association.
Lending Focus
Mansfield Building Society offers mortgage products across 3 categories including Residential, Buy-to-Let, Adverse Credit.
Key Features
- Considers applicants with historic adverse credit on a case-by-case basis
- Individual underwriting with flexible income assessment
- Buy-to-let products for individual landlords
- Available both directly and through mortgage brokers
Pros & Cons
Pros
- Willingness to consider past credit issues sets it apart from high street lenders
- Flexible underwriting for self-employed and contractor income
- Personal service with accessible underwriting team
- Mutual status ensures member-focused lending decisions
Cons
- –Maximum LTV of 85% — lower deposit borrowers may find better options elsewhere
- –Rates may be higher than the cheapest high street deals, reflecting the flexibility offered
- –Branch network limited to Nottinghamshire area
Fees & Charges
- Arrangement Fee
- Varies by product; typically £299–£599
- Valuation Fee
- Charged based on property value
- Early Repayment Charge
- 1–3% during the initial deal period
- Overpayment Allowance
- Up to 10% per year on most products
Mortgage Rates
Rate data coming soon. View rates on Mansfield Building Society
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 3–5 weeks
- Online DIP
- No — via broker or branch
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 85%
Frequently Asked Questions
Does Mansfield Building Society accept applicants with bad credit?
Mansfield Building Society considers applicants with historic credit issues on a case-by-case basis. Minor or historic defaults, CCJs, or missed payments may not prevent approval, but each case is assessed individually.
Does Mansfield Building Society lend nationally?
Yes, through its mortgage broker partnerships Mansfield Building Society lends on properties across England and Wales, not just in the local Nottinghamshire area.
What income evidence do self-employed borrowers need?
Self-employed applicants typically need at least two years of accounts or SA302 tax calculations. The society can be flexible in how it assesses self-employed income.
Does Mansfield Building Society offer buy-to-let mortgages?
Yes, the society offers buy-to-let mortgages for individual landlords. Contact the society or a mortgage broker for current product availability and criteria.
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Cumberland Building Society | Residential, Buy-to-Let | Building Soc. | 90% |
| Darlington Building Society | Residential, Buy-to-Let | Building Soc. | 90% |
| Furness Building Society | Residential, Buy-to-Let | Building Soc. | 90% |
| Newbury Building Society | Residential, Buy-to-Let, Shared Ownership | Building Soc. | 95% |
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice.Always verify lender details directly and seek independent advice before making financial decisions.
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