Overview
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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.
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The Nottingham offers flexible criteria, competitive rates, generous affordability and a varied product range. Benefits include:
- 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
- Earned income and rental income (as declared on SA302s) considered
Products
Residential
o Up to 95% purchase and remortgage (including FTBs)
o Interest only up to 80% LTV and no minimum income
o Up to 40-year term
o Employed/self-employed income to age 75
o Actual outgoings used rather than regional ONS average
o Easy to use quick calc
o Consider cases with historic adverse over three years old
o LTI ratio of 5.5x against household income of over £75,000
Retirement interest only
o Up to 50% LTV
o Purchase and remortgage
Buy-to-let
o No minimum personal income requirement
o Non-current owner occupier
Limited co BTL
o New landlord and new SPV accepted
o Flexible deposit and concessionary purchase accepted
Holiday lets
o 32-week rental assessment
o 60 day personal use
Self-build
o 85% maximum loan to cost
o £600,000 maximum loan size