We are delighted to announce that The Mansfield Building Society has been presented with What Mortgage magazine's highly prestigious "Best Local Building Society" award for 2009.
In making the award, a panel of independent and respected industry experts examined all aspects of our mortgage products including interest rates, arrangement fees, early repayment charges, loan to values, distribution channels etc. The presentation was made at a ceremony held in the centre of London during which the judges made special reference to the Society's ability to recognise the needs and requriements of customers and respond accordingly.
Chief Executive Nigel Quinton says "Obtaining this award is a fabulous achievement which recognises the hard work and efforts of all our staff. Throughout the year we have marketed a range of discounted and fixed rate mortgage products - a number of which have also featured in national "best buy" tables. Our Community First Time Buyer Scheme offering a fixed interest rate of 5.49% for the first 3 years is available up to a maximum loan to value of 90% and this has been particularly well received locally. This addition to our product portfolio illustrates our commitment to our heartland community in this challenging market which has seen some lenders withdraw entirely from the first time buyer market. We will continue to work at providing a competitive and comprehensive portfolio of products for the benefit of all our customers.
"What's more we actively encourage borrowers to come to see us as soon as they feel they are experiencing problems with repayments on their mortgage. Being proactive in this way has resulted in the Society making just one repossession in the last 5 years which further strengthens our position as a responsible lender."
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