Mortgage range overhauled by Manchester Building Society

Manchester Building Society is set to revamp its mortgage range, according to a recent article in the Mortgage Introducer.
The overhaul means that the number of residential mortgages and buy-to-let mortgages available to mortgage intermediaries is set to increase and a new range of attractive discounted variable rates and fixed interest rates is on offer, complete with attractive arrangement fees and improved income multiples.

One reason many mortgage advisors like the Manchester Building Society range is that the building society does not use automated computer scoring systems to assess the applications. Instead, the Manchester BS says a ‘one size fits all’ approach only frustrates brokers so instead an experienced team of underwriters individually assesses each mortgage case.

With individual consideration, this means that complex elements can be considered – a particularly useful point when dealing with complicated prime applications. If in doubt, mortgage advisors can also contact the underwriting team directly if they wish to discuss an individual aspect of a case.

Business relationship manager for Manchester BS, Chris Mitton stated:

“Our newly extended Mortgage Options range remains focused on the intermediary market and is intended to cater for a wider range of client needs.

“In addition to the launch of our new fixed and discounted variable rates, we have also made several improvements to our lending criteria which should benefit mortgage advisers. All products continue to have no booking fees and we have kept arrangement fees at sensible levels.”

Those undertaking CeMAP courses in Manchester to become mortgage advisors may find themselves using the Manchester Building Society mortgage range in the future.



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