The Nottingham for Intermediaries
How to register with this lender as a new user
Visit The Nottingham for Intermediaries and complete the online registration form and select Legal & General when requested.
How to add Mortgage Club as a payment route with this lender
Visit The Nottingham for Intermediaries and complete the online registration form and select Legal & General when requested.
How to contact this lender
You can contact our Intermediary Enquiry Line on 0344 481 0029 or visit our website to find your BDM.
Who we are:
At Nottingham Building Society we’re going through an exciting period of change as we focus on the question of what mutuality means in the modern world.
In 2024, borrowers face potentially more challenges than ever before, and we’re evolving our mortgage proposition to ensure we can really have an impact on growing homeownership and supporting borrowers.
Our research shows that a growing number of borrowers are defined as non-standard by the industry and our new strategic goal is centred around how we can better serve these underserved groups.
Key to that aim is to really understand the person behind the application and to break down the unnecessary barriers that prevent them from purchasing an affordable property.
In 2024, more than ever, we’ll be putting the borrower and our brokers at the very heart of our business to ensure we continue to help providing great outcomes for customers.
The Nottingham’s key benefits are:
- Soft footprint at DIP stage
- One free basic valuation and a subsidised homebuyers report
- Free legal fees for remortgages (standard legal fees only) excluding limited company buy-to-let
- Full procuration fee paid on porting applications
- All mortgage offers valid for six months
- Latest trading figures considered for self-employed applicants
What we do:
- Residential
- NEW – minimum length of time a contractor must have worked on fixed-term contracts in the same profession is 12 months and no minimum time required on current contract
- Up to 95% purchase and remortgage (including FTBs)
- Interest only up to 80% LTV and no minimum income
- Up to 40-year term
- Employed/self-employed income to age 75
- Consider cases with historic adverse over three years old
- LTI ratio of 5.5x against household income of over £75,000
- Retirement interest only
- Up to 60% LTV
- Purchase and remortgage
- Buy-to-let
- No minimum personal income requirement
- Non-current owner occupier
- Limited co BTL
- New landlord and new SPV accepted
- Flexible deposit and concessionary purchase accepted
- Holiday lets
- 32-week rental assessment
- 60-day personal use
|
Fee received from lender (Gross fee) |
We'll pay you (Net fee) |
|---|---|---|
| Mainstream | 0.40% (min £200) | 0.38% (min £175) |
| Buy to Let | 0.40% (min £200) | 0.38% (min £175) |
| Retirement Interest Only (RIO) | 0.40% (min £200) | 0.38% (min £175) |
| Holiday BTL | 0.50% (min £200) | 0.48% (min £175) |
| Limited Company Buy to Let | 0.55% (min £0) | 0.50% (min £0) |
| Residential and BTL Product transfers | 0.30% (min £0) | 0.28% (min £0) |
| LTD Company BTL and RIO | 0.35% (min £0) | 0.32% (min £0) |