Mansfield Building Society has boosted its maximum loan sizes across its range of buy to let and residential mortgages, with loans now available up to £1m for buy to let and residential lending up to 80% LTV.

Maximum loan sizes have doubled from £500,000 to £1m on all lending up to 80% LTV, Mansfield has also increased its maximum loan sizes for high LTV residential lending too.

Residential lending over 80% and up to 90% LTV has seen the maximum loan size increase from £500,000 to £750,000, and between 90% and 95% LTV, the lender has increased maximum loans from £350,000 to £500,000.

Residential lending up to 65% LTV can now accommodate loans of up to £2m.

Commenting on the changes Mansfield Building Society intermediary sales manager Tom Denman-Molloy, said: “With property prices increasing and subject to regional hotspots, we’re increasing our maximum loan sizes to extend the appeal of our flexible lending approach.

Borrowers in areas of high property prices can now benefit from our extensive criteria, including capital raising and debt consolidation, a more accommodating attitude to historic credit blips, and much more.

He added: “Our lending also works well with non-standard property types, such as properties with annexes, large acreages or with agricultural ties.”