Mansfield Building Society has announced it is relaunching capital raising and debt consolidation remortgages up to 90% LTV.

The move comes in response to a “surge in activity” as customers seek to beat off interest rate rises, the society said.

Lending is available across the Mansfield’s standard residential range on any products available for remortgage, up to 90% LTV with a maximum loan size of £400,00o. The society confirmed there are no restrictions on the proportion of the loan amount being used for these purposes.

Capital raising for business purposes will also be available up to 80% LTV on the society’s versatility range.

Intermediary sales manager for the society, Tom Denman-Molloy, said the added criteria at higher LTVs would be a “welcome addition for intermediaries”.

“With the rising costs of living at a time of further increases in house prices, intermediaries are in need of a range of solutions to help their clients borrow in the most effective way possible,” he commented. “This range of products introduces a new solution to them.

“We want to make a real difference to people’s lives and whilst the past couple of years have proven uncertain for many, by seeing the people beyond the profile we can not only enable borrowers to achieve their dreams and manage their costs, we can help brokers grow their businesses too.”

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