Versatility provides for borrowers with more complex circumstances, including unusual property types, limited employment or self-employed history and even historic credit blips.

Mansfield Building Society’s Versatility range offers fixed rate and discounted rate options which now start from 2.84% variable.

Tom Molloy, intermediary sales manager at Mansfield Building Society, said: “Lenders used to call it complex lending but these days it feels more like real life lending.

“Our solutions are designed with the customer in mind and recognise that not everyone goes down the same track in life – this is where our flexible underwriting approach and can-do attitude provide real value.

“We don’t consider our approach to be anything special, just sensible and personal, especially when you consider the plight of those individuals and businesses impacted by Coronavirus and the way in which the people have had to adjust.

“We want to raise the flag for lenders who provide real-life lending solutions for individuals on every rung of the housing ladder and hope our rate change demonstrates our commitment to those who need a little extra help at this time.”