Mansfield Building Society
Mansfield Building Society is a UK mutual building society founded in 1870, serving individual savers and mortgage borrowers across Nottinghamshire, Derbyshire, and South Yorkshire through branches, intermediaries, and digital channels, with a £446m mortgage book and £468m savings book.
- Company typePrivate
- Founded1870
- HeadquartersMansfield, United Kingdom
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Mansfield Building Society does
Mansfield Building Society is a UK mutual building society founded in 1870, headquartered in Mansfield, Nottinghamshire, and operating primarily across Nottinghamshire, Derbyshire, and South Yorkshire. As a customer-owned mutual with no external shareholders, it serves individual savers and mortgage borrowers through approximately 130+ colleagues, a multi-branch network, an online savings portal (Mansfield Online / ClickMansfield), and a postal channel. Its savings range includes Easy Access Accounts, Regular Savings, Cash ISAs, Fixed Rate Bonds, Notice Accounts, Children's Accounts, Local and Loyal Accounts exclusive to heartland members, Community Saver Accounts linked to its Charitable Trust, and deposit accounts for businesses, charities, trusts, and SIPPs. Mortgage products span First Time Buyer, Home Mover, Remortgage, Retirement, Buy to Let, Holiday Lets, Interest Only, Shared Ownership, and Self-Employed lending, distributed exclusively through qualified mortgage brokers and Mortgage 1st as its trusted intermediary partner.
The technology stack is being modernised under Project Sherwood, a multi-year transformation programme replacing mortgage and savings core systems, branch and online platforms, and the underwriting system; the programme was reported approximately 75% complete on development and testing at the 2026 AGM. Customer-facing digital surfaces include the newly launched Mortgage Broker Portal (February 2026) and the ClickMansfield savings portal, with integrations to Google Analytics, Confirmation of Payee, Credit Reference Agencies (TransUnion, Experian, Equifax), and Fraud Prevention Agencies. The society is FCA and PRA authorised, FSCS-protected up to £120,000, and a Building Societies Association member.
The business model is a classic spread-based mutual: it accepts retail deposits (£468m in savings balances at end-2024) and deploys them into a mortgage book (£446m at end-2024, grown over 10% during 2024 with record new lending over £125m), earning net interest income. As of 2025, underlying profit stood at £1.5m, savings membership at nearly 21,000, and over £140,000 was donated to local charities and community groups, reflecting the society's reinvestment of surpluses into products, services, and community programmes rather than shareholder returns.
Mansfield Building Society firmographics
Firmographics- Name
- Mansfield Building Society
- Legal name
- The Mansfield Building Society
- Website
- https://mansfieldbs.co.uk
- Company type
- Private
- Founded year
- 1870
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Mansfield Building Society is a UK mutual building society founded in 1870, serving individual savers and mortgage borrowers across Nottinghamshire, Derbyshire, and South Yorkshire through branches, intermediaries, and digital channels, with a £446m mortgage book and £468m savings book.
- Ownership category
- akta.pro rank
Mansfield Building Society industry classification
Industry- Product category
- Retail Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Employee Benefit & Retirement Plan Trust Services (FSAAANAC)
- akta.pro secondary industry
- Personal & Family Trust Services (FSAAANAA)
Keywords
Where Mansfield Building Society is headquartered
LocationHeadquarters
- HQ city
- Mansfield
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Mansfield Building Society business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Savings Deposits: Accepts deposits from personal savers through various savings accounts including Cash ISAs, Regular Savers, Fixed Rate Bonds, Notice Accounts, and Children's Accounts. Interest paid to savers from spread on lending.
- Mortgage Lending: Provides mortgage loans to borrowers including residential, buy-to-let, holiday lets, and retirement lending. Interest income from mortgage book constitutes primary revenue stream.
- Mortgage Book: Strong growth in 2024 with mortgage book of just over £446million, generating interest income
- Savings Balances: Held over £468million in savings balances in 2024, funds deployed for mortgage lending
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | My Milestone Saver - Regular savings account with bonus rate |
| Subscription | Monthly | Triple Access Bonus Saver (1st issue) |
| Subscription | Annual | Double Access Cash ISA (2nd issue) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Mansfield Building Society product offering
Product offeringCore offering
Mansfield Building Society accepts deposits from personal savers, businesses, charities, trusts and SIPP holders through a range of savings accounts (Cash ISAs, Regular Savers, Fixed Rate Bonds, Notice Accounts, Children's Accounts, Local and Loyal Accounts, Community Saver Accounts). It lends those funds as residential, buy-to-let, holiday let, retirement, shared ownership, interest-only and self-employed/contractor mortgages, distributed exclusively via qualified mortgage brokers. Savings products are sold through branches, post, and the Mansfield Online portal, with profits reinvested for members rather than paid to external shareholders.
Product overview
Mansfield Building Society offers a comprehensive range of financial products and services centered around savings and mortgages. The savings portfolio includes personal savings products (Easy Access Accounts, Regular Savings including My Milestone Saver at 6.00%, Cash ISAs including Double Access Cash ISA at 3.75%, Fixed Rate Bonds, Notice Accounts, Children's Accounts), community-focused products (Local and Loyal Accounts for Nottinghamshire/Derbyshire/South Yorkshire residents, Community Saver Accounts linked to the Charitable Trust), and deposit accounts for businesses, charities, and trusts including SIPP Accounts. The mortgage range covers residential products for First Time Buyers, Home Movers, Remortgages, Retirement, Buy to Let, Holiday Lets, Interest Only, Shared Ownership, and Self-Employed customers, available exclusively through qualified mortgage brokers. Digital services include the Mansfield Online savings portal and a new mortgage broker portal launched February 2026 as part of Project Sherwood. The society operates on a customer-owned mutual model without shareholders, reinvesting profits into products and community support.
Differentiator
Problem solved
Functional benefit
Products and services
- Easy Access Accounts
Quantifiable outcome
- Savings balances grew to over £468 million in 2024
- +4 more outcomes
Companies that use Mansfield Building Society
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles3 records
Mansfield Building Society technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Mansfield Building Society partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Mortgage 1stcoreIndependent mortgage adviser partner for new mortgage enquiries. When customers want to make a new mortgage enquiry, Mortgage 1st provides advice on mortgages from across the market to get the right deal. This is the Society's trusted partner for mortgage distribution.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Mansfield Building Society competitors and assessment
Company assessmentDirect peers
- Skipton Building Society: Larger mutual building society offering savings accounts and a broad mortgage range including specialist lending, very similar in business model to Mansfield. Highly relevant for benchmarking product breadth, mortgage growth and digital transformation.
- Bath Building Society: Smaller regional building society focused on savings and mortgage lending with a personal service ethos. Closely comparable to Mansfield on size, mutual model, and geographic focus.
- Yorkshire Building Society: Regional building society serving Yorkshire and surrounding areas including savings accounts and a wide mortgage range. Comparable in product mix and mutual structure, though at significantly larger scale.
- Principality Building Society: Welsh-headquartered regional building society with savings and mortgage products including specialist lending. Comparable mutual/regional model with similar emphasis on community and personal service.
- Newcastle Building Society: Regional building society operating in the North East of England offering savings and mortgage products. Similar mutual regional building society model with comparable product ranges.
- Saffron Building Society: Smaller regional building society offering savings products and mortgage lending with a mutual member-owned ethos. Closely comparable size and operational model to Mansfield Building Society.
- West Bromwich Building Society: Regional building society offering savings accounts and mortgage lending to the West Midlands. Similar mutual model and comparable size with shared product focus.
- Nottingham Building Society: Building society headquartered in Nottingham and serving the same East Midlands heartland as Mansfield. Directly comparable mutual institution offering similar savings and mortgage products to overlapping member bases in Nottinghamshire and Derbyshire.
Broad incumbents
- Coventry Building Society: Second-largest UK building society offering comprehensive savings and mortgage products nationally. Comparable business model but at much greater scale and broader geographic reach than Mansfield.
- Nationwide Building Society: Largest UK building society and dominant mutual operator with national savings and mortgage franchises. Same mutual ownership structure but vastly larger scale, broader product set, and national geographic reach.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Mansfield Building Society social profiles
Digital presenceMansfield Building Society compliance and trust
Trust signalCompliance4 records
Mansfield Building Society financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mansfield Building Society leadership team
Management profileNumber of profiles
Profiles9 records
Mansfield Building Society funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mansfield Building Society M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mansfield Building Society
What does Mansfield Building Society do?
Mansfield Building Society accepts deposits from personal savers, businesses, charities, trusts and SIPP holders through a range of savings accounts (Cash ISAs, Regular Savers, Fixed Rate Bonds, Notice Accounts, Children's Accounts, Local and Loyal Accounts, Community Saver Accounts). It lends those funds as residential, buy-to-let, holiday let, retirement, shared ownership, interest-only and self-employed/contractor mortgages, distributed exclusively via qualified mortgage brokers. Savings products are sold through branches, post, and the Mansfield Online portal, with profits reinvested for members rather than paid to external shareholders.
Is Mansfield Building Society a public or private company?
Mansfield Building Society is a private company. It is classified as unknown and is currently operating.
When was Mansfield Building Society founded?
Mansfield Building Society was founded in 1870. It employs 51 to 100 people.
Where is Mansfield Building Society based?
Mansfield Building Society is headquartered in Mansfield, United Kingdom, in the Europe region.
How does Mansfield Building Society make money?
Four revenue lines are on record. Savings Deposits are the primary driver. The others are mortgage Lending, mortgage Book and savings Balances.
Who are Mansfield Building Society's main competitors?
Direct peers on record are Skipton Building Society, Bath Building Society, Yorkshire Building Society, Principality Building Society, Newcastle Building Society, Saffron Building Society, West Bromwich Building Society and Nottingham Building Society. Broad incumbents are Coventry Building Society and Nationwide Building Society.
Does Mansfield Building Society have an API?
No public API is recorded for Mansfield Building Society.
What industry is Mansfield Building Society in?
Mansfield Building Society's product category is Retail Banking. Its primary akta.pro industry code is FSAAANAC, Employee Benefit & Retirement Plan Trust Services, with a secondary code of FSAAANAA, Personal & Family Trust Services. Its NAICS code is 522180 and its SIC code is 6036.