New limited company BTL deals from the Nottingham

Published on

The Nottingham for Intermediaries has introduced a range of limited company buy-to-let mortgages.

Its headline products are a two-year fixed at 2.76%, £999 fee (min loan £30k) and two-year fixed at 2.79%, with a 0.50% fee (min loan £70k).

The new products (all 75% LTV) include a 0.55% broker proc fee on completion of applications and free property valuation.

They are designed to help landlords who have limited company status for their portfolios. Changes to mortgage interest rate tax relief for landlords are leading to many of them reviewing how their portfolios are structured.

Nikki Warren-Dean, head of intermediary sales at the Nottingham, said: “Judging from the conversations we’ve been having with our broker network, many landlords are considering structuring their portfolios on a limited company basis, if they haven’t already, so it’s important we offer competitively priced products to suit their needs and that build on our expertise in the buy-to-let space.

“However, it isn’t just about the right product – there will be ease of use for brokers, who will benefit from exactly the same process as they do when applying for residential or individual buy-to-let mortgages via our broker portal system. They will also receive our usual quality service that includes their own regional business development manager and direct access to underwriters.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...