Nottingham Building Society
Nottingham Building Society

Nottingham Building Society

The Nottingham For Intermediaries is the dedicated intermediary arm of Nottingham Building Society. 

They are a regional building society located in the East Midlands who support lending across England and Wales. With more than 165 years of experience coupled with strong financial performance they are able to offer an excellent service to intermediaries through a range of products to help meet customer needs.

Their product range includes 95% mortgages, buy-to-let, new build and self-build.

Long term relationships are important to The Nottingham and they pride themselves in offering a quality personal experience to help you succeed.  Their experienced business development mangers are committed to supporting your needs, and their underwriters and support team are only ever a phone call away. 
 

Proc Fees

Products Gross Net
Residential 0.40% 0.38%
Buy to Let 0.40% 0.38%
Limited Company BTL 0.550% 0.5%
Product Type When does the lender pay PMS? Frequency
All 14 working days following completion Weekly

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Overview

Register Lender-InfoBoxWhite

Register to place business with Nottingham Building Society:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Register

The Nottingham For Intermediaries offers direct access to their mortgage desk and dedicated underwriters ensuring your customers’ mortgages are looked after from application through to completion.

Their online portal provides simple registration, a standalone affordability calculator, access to online DIPs, mortgage applications and downloadable Offers. 

Nottingham For Intermediaries can help your customers with:

  • 95% Residential purchase and remortgage (including FTBs)
  • 90% New Build houses (incentives considered)
  • 80% Interest Only (with a suitable repayment vehicle)
  • Self-Build
  • Let to Buy
  • Professional Landlords accepted (max 10 mortgage properties)

Products

  • Full Proc fee paid on ported cases, all products portable
  • Range of no ERC products both on residential and BTL
  • Only £35 fee for switching a product after offer
  • Free valuations on all residential and BTL product


How do intermediaries benefit?

  • Experienced team of BDMs
  • Dedicated mortgage desk support
  • Direct Access (Telephone and E mail) to a dedicated underwriter
  • Online registration process
  • Full online submission
  • Case management system with document upload
  • Instant Offer download facility

Packaging (standard packaging documents when submitting a case)

  • 3 months’ bank statements
  • 3 months’ pay slips
  • 3 years proof of self-employment (SA302s and TYOs or accountants reference)
  • Proof of ID
  • Broker Declaration Form
  • Client Declaration Form
  • Direct Debit Mandate
  • Asset and Liabilities Statement (BTL only)

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