At the same time the society reported a 9.5% year-on-year growth in mortgage assets.
Mansfield Building Society made £70m of mortgage completions in 2015 – an increase of 35% year-on-year.
At the same time the society reported a 9.5% year-on-year growth in mortgage assets.
Gev Lynott, the society’s chief executive, said: “Mutual organisations like The Mansfield have an important part to play in the mortgage industry.
“The absence of external shareholders means that we provide a more personal service with a commonsense focus on the needs of individuals rather than allowing a computer to give a yes or no response based on statistical analysis.
“Against the backdrop of aggressive pricing in the market, we’ve carefully balanced the need to maintain competitive rates whilst assisting borrowers with our pragmatic approach and case specific underwriting."
