Record new mortgage lending announced by The Mansfield

According to the lender, a number of records were broke leading to an overall mortgage asset growth of 12.2%. Total assets at The Mansfield now exceed £360 million.

The increase in the Society’s savings balances was helped by the launch of a number of Moneyfacts ‘Best Buys’ together with a strategy of reserving some of its best rates for ‘local and loyal’ customers.

By restricting the availability of some of its products to ‘local and loyal’ customers, The Mansfield has been able to offer better rates for longer than could otherwise be sustained in the low interest rate environment.

Whilst The Mansfield has had a strong year financially, it has not lost sight of its heritage and has taken great pride in increasing its support for local good causes. In 2017, its Community Support Scheme’s cumulative donations reached £150,000 since the scheme was established in 2007. Over the past 3 years the Society has also contributed £120,000 into The Mansfield Building Society Charitable Trust Fund to provide further support to local worthwhile causes.

Gev Lynott,  The Mansfield Chief Executive, commented: "As a mutual building society, run for the benefit of our members, I’m immensely proud to report on another successful year for The Mansfield. We’ve added to the Society’s financial strength, achieved record lending and continued to grow our savings balances.

We’re already looking to the future with confidence and, in addition to business as usual, we are planning a number of exciting projects including refreshing the Society’s brand, the refurbishment of our Sutton in Ashfield branch , and also developing our online savings proposition.”