Mansfield BS cuts rates on credit repair mortgages

The credit repair mortgage products, launched early this year, come without a completion fee, and basic legal fees are covered for remortgages on properties in England and Wales.

Tom Denman-Molloy (pictured), intermediary sales manager at Mansfield Building Society, stated that the lowered rates are intended to benefit individuals exploring their mortgage options, particularly those in need of additional support to recover financially.

“Although bank rate appears to be stabilising and inflation reducing, cost increases continue to put pressure on household expenditure,” he said. “We want to make sure we’re doing everything we can to help everyday borrowers with their mortgage needs, making it more cost effective for borrowers to access our expansive criteria and flexible underwriting approach.”

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