We’re making our buy-to-let range more accessible and cohesive than ever before!

As a result of your invaluable feedback (keep it coming please) and hard work behind the scenes by many here at The Nottingham we’re delighted to bring you a series of buy-to-let and limited company BTL criteria enhancements.

Here are all our new criteria changes

  • Limited company ICR five-year calculation rate 3.35% (from 5.50%)
  • No minimum income required (was £25k p/a single applicant, £40k joint)
  • No requirement to see last month’s personal and business bank statements as standard
  • Standard BTL Interest Cover Ratio (ICR) now 145% (from 165%)
  • Standard BTL ICR five-year calculation rate now at 3.45% (was 3.95%)
  • Maximum LTV for lending on flats raised to 75% (was 65%)
  • Removal of all Covid-related criteria
Head of Mortgage Product, Christie Cook, said:

“We’re delighted to bring such positive criteria changes to life, and believe they will make placing buy-to-let and limited company buy-to-let cases with us more accessible and cohesive than ever before.

“In turn, it’s a major positive for your customers and is the latest step in us highlighting our ongoing commitment to providing competitive and fit-for-purpose products, services and processes in the BTL space.”
Check out our rate cards for more information about our BTL range or our limited company BTL offering.