The Nottingham improves limited company BTL offering

Essex Home Finance
The Nottingham has made reductions to its buy-to-let range.
The latest Finance and Property News2

The Nottingham has made reductions to its limited company buy-to-let mortgage range.

It has repriced three 65% and 75% LTV products, and also confirmed criteria enhancements which it believes could appeal to landlords looking to add to their portfolios.

Their five-year fixed 75% LTV mortgage with fees (£0 upfront, £999 total) is available at a rate of 3.10% (was 3.40%). A product fixed for the same period – and also at 75% LTV – but with no fees has been cut to 3.40% (from 3.70%). This product is fee-free.

The Nottingham’s five-year fixed 65% LTV limited company buy-to-let offering is now priced at 3.25%, down from 3.40%.

It has also announced the lending criteria changes, which apply to all buy-to-let (including limited company) products.

The changes are as follows:

  • Maximum loan size increased to £750k (from £500k). This can be on interest-only
  • Maximum number of bedrooms in property being purchased increased to five (was four)
  • Minimum landlord experience required for portfolio landlords decreased to 24 months (from 36)

Nikki Warren-Dean, The Nottingham’s head of intermediary sales, said: “As we’ve said when making rate cuts on a number of occasions over the last couple of months, having a flexible and competitively priced product range is very important.

“However, lending criteria is also important too. We pride ourselves on being #BuiltAroundBrokers and are pleased to say that these extremely positive criteria changes come partly as a result of their feedback – further evidence of great working relationships between us as a lender and the broker community.”

Original Article from Best Advice 04/10/21

Get In touch

Leave this field blank
Mobile / Home Number
Please choose the closest match to your Mortgage Needs
  • Choose
  • First Time Buyer
  • Help To Buy
  • Homemover
  • Remortgage
  • Buy to Let
  • Equity Release
  • Insurance
  • Home Utilities
  • Nothing found
Essex Home Finance

(01245) 398466

Call Anytime

Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE.

Registered in England & Wales under number 10607263.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We do not charge for Residential First Time Buyers, Residential Home Movers, Residential Remortgage, and all Product Transfers (Residential or Buy to Let).

There will be a fee for all Buy to Let Purchase and Buy to Let Remortgage cases. Typically our fee will be £149, payable on Offer. We will agree any fees with you before we proceed with your case.

There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. 

Our advice is covered under the Financial Ombudsman Service.  You may be able to submit a claim through the  EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.