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Our range of Versatility mortgages enable us to be flexible with complex circumstances. If a case doesn’t quite fit standard lending criteria, we can still consider it with a range of product options that can accommodate:

  • Unusual property types
  • Complex incomes
  • Historic credit blips

Our product range has tiered lending criteria via our Versatility mortgages up to 85% LTV and Versatility Plus up to 80% LTV.

For clients who have experienced more severe or recent credit problems, you may also want to consider our Credit Repair mortgages available up to 70% LTV.

Find out more from our Specialist Lending Criteria guide, our products and the case studies below.

We have 11 products available

Credit Repair – Fixed until 31 March 2030 – RCX005

Term Fixed until 31 March 2030
Initial Rate1 6.39%
Overall Cost For Comparison2 7.7% APRC
MAX LTV3 70%
Early Repayment Charge 3% until 31 March 2028, 2% until 31 March 2029, 1% until 31 March 2030
Product Fees £199 Application Fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
More details

Versatility – 2 Year Discounted Variable Rate – MPDV15

Term 2 years
Initial Rate1 6.40% variable
Overall Cost For Comparison2 7.1% APRC
MAX LTV3 Over 80% and up to 85%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, £800 completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 6.90% £1,690.00 £2,035.00 £2,725.00
More details

Versatility – 2 Year Discounted Variable Rate – MPDV14

Term 2 years
Initial Rate1 5.95% variable
Overall Cost For Comparison2 7.0% APRC
MAX LTV3 80%
Early Repayment Charge 2% in year one, followed by 1% in year two
Product Fees £199 application fee, £800 completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 6.90% £1,690.00 £2,035.00 £2,7257.00

 

More details

Credit Repair – 2 Year Fixed Rate – RCX004

Term 2 years
Initial Rate1 6.99%
Overall Cost For Comparison2 8.8% APRC
MAX LTV3 70%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 Application Fee, £800 Completion Fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan, subject to the maximum 70% LTV. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.64% £1,864.00 £2,296.00 £3,160.00

 

More details

Credit Repair – 2 Year Fixed Rate – RCX003

Term 2 years
Initial Rate1 7.09%
Overall Cost For Comparison2 8.6% APRC
MAX LTV3 70%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 Application Fee, No Completion Fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
More details

Credit Repair – 2 Year Discounted Variable Rate – RCV004

Term 2 years
Initial Rate1 6.50% variable
Overall Cost For Comparison2 8.5% APRC
MAX LTV3 70%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 Application Fee, £800 Completion Fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan, subject to the maximum 70% LTV. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.64% £1,864.00 £2,296.00 £3,160.00

 

More details

Credit Repair – 2 Year Discounted Variable Rate – RCV003

Term 2 years
Initial Rate1 6.60% variable
Overall Cost For Comparison2 8.6% APRC
MAX LTV3 70%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 Application Fee, No Completion Fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
More details

Versatility – 2 Year Fixed Rate – MPXV14

Term 2 years
Initial Rate1 6.39%
Overall Cost For Comparison2 7.1% APRC
MAX LTV3 80%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, £800 completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 6.90% £1,690.00 £2,035.00 £2,725.00

 

More details

Versatility – 2 Year Fixed Rate – MPXV15

Term 2 years
Initial Rate1 6.79%
Overall Cost For Comparison2 7.2% APRC
MAX LTV3 Over 80% and up to 85%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, £800 completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 6.90% £1,690.00 £2,035.00 £2,725.00

 

More details

Versatility Plus – 2 Year Fixed Rate – CPXV14

Term 2 years
Initial Rate1 6.79%
Overall Cost For Comparison2 7.2% APRC
MAX LTV3 80%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, £800 completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 6.90% £1,690.00 £2,0345.00 £2,725.00

 

More details

Versatility Plus – 2 Year Discounted Variable Rate – CPDV15

Term 2 years
Initial Rate1 6.40% variable
Overall Cost For Comparison2 7.2% APRC
MAX LTV3 80%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 Application Fee, £800 Completion Fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 6.90% £1,690.00 £2,035.00 £2,725.00

 

More details

 

 

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Case Study: unusual property and income

This property had a cattery on site and included a combination of self-employed and retirement income.

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Case Study - debt consolidation on a windmill

This case study includes debt consolidation using interest only with downsizing on a windmill.

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Definitions

1. Initial Rate

The Initial Rate is the rate available during the initial term of the mortgage. Once the initial rate term has expired, the mortgage will either revert to our Standard Variable Rate (SVR), or a follow-on rate that is a discount off our SVR. Our SVR is set by us and is currently 8.64%, as a variable rate it may go up or down. Our follow-on rate is 1.74% below our SVR (currently 6.90% variable) and will go up or down with changes to our SVR.

2. Overall Cost for Comparison

The Overall Cost for Comparison is given as the Annual Percentage Rate of Charge (APRC) and includes all charges incurred relating to the mortgage. The APRC is intended to help you as a borrower compare the interest rates on different products.

3. Max LTV

Like all other mortgage lenders, we will allow you to borrow against a proportion of the overall property value. This is known as Loan to Value (LTV) and is expressed as a percentage. For example, if you want to purchase a property at £100,000 and you would like to borrow £85,000, then you will need a mortgage available at 85% Loan to Value (LTV). The available LTV can vary depending upon the type of mortgage. Shared Ownership mortgages will offer two percentages under LTV - the proportion of the property value and the proportion of the share being purchased.

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*Mansfield Building Society are an introducer to Mortgage 1st for mortgage advice. Mortgage 1st is a trading style of Mortgage First Limited, which is an appointed representative of Stonebridge Mortgage Solutions Ltd, and is authorised and regulated by the Financial Conduct Authority. Mortgage 1st Limited is on the Financial Services Register under firm number 484231.

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