Mansfield Building Society has rolled out its existing BTL proposition into Scotland.
Scottish landlord borrowers will now have access to the lender’s business, consumer and regulated family BTL product ranges — some postcode restrictions are in place for the Scottish islands.
Mansfield offers loans between £50,000 and £1m at maximum 75% LTV across all its BTL products.
While expat BTL is also included, the society’s SPV limited company BTL and holiday let lending is excluded.
Mansfield’s launch into the Scottish BTL market follows the building society’s recent criteria enhancements, which now includes flats in properties of up to 10 storeys.
Portfolio landlords with a maximum of up to 10 BTL mortgages/properties with other lenders will also be considered.
Tom Denman-Molloy, intermediary sales manager at Mansfield Building Society (pictured above), commented: “Our 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.”
