The Nottingham Building Society, whose products are all available through our Direct to Lender Mortgage Club, have announced a product update. Contact our team for information on the how our mortgage club and specialist services could help you and your business. If you want further information directly from the Nottingham then visit their intermediary site.
NEW PRODUCT LAUNCH! – 65% LTV LIMITED COMPANY – BUY TO LET RANGE AVAILABLE NOW!
• Rates from 3.10%
• Fee-free options available
• Purchase and remortgage
• One free basic valuation
• 2 and 5 year fixed rates
• New SPVs allowable (SPV must be for holding and letting residential investment properties)
• Up to 4 applicants (all required to be Directors and Company Shareholders)
• First-time landlords acceptable
• Portfolio landlords with up to 15 properties in portfolio
• Equity accepted as deposit when transferring property from personal into Limited Company name
• Income rental calculation 125% @ 5.5%
• Proc fee paid 0.55bps
On Monday 26th April 2021 we are launching 6 limited company buy-to-let products consisting of 4 new products and 2 date extensions.
Product launch notification
On Friday 30th April 2021 we are launching 6 buy-to-let products consisting of 5 product changes and 1 end date extension.