Welcome to this week's Mortgage Update. Please take the time to read through the update as there may be some information that is important to you. Our lender updates include CHL: Rising living costs and the appeal of HMOs Foundation: Market health check, landlords optimism and intentions The Nottingham: Are you ready to unwrap [...]

The costs associated with buying a first property outright have surged, and buyers not only face an increase in house prices but potentially tighter credit restrictions imposed by lenders due to the rise in the cost of living. With house prices increasing, buyers' deposits have also increased. The average deposit required has tripled in [...]

At Family Building Society, we know applications aren't always straightforward. That's why you come to us. But no matter how complicated they are, we still want to get your applications through as quickly as possible. Find out how can you help us to help you, and download our handy minimum requirements checklists. Find out more [...]

HMOs continue to be a strong option for professional landlords who are experienced in dealing with this property type or who have a support network in place to manage their extra demands. The continued appeal of HMOs is evident in the strength of the yields on offer, as highlighted in the Q1 2022 Landlord [...]

The information in this post is intended for mortgage professionals. Customers should not interpret any part of this as financial advice. If you require advice on a new or existing mortgage you should contact your mortgage broker. With Spring on the horizon and a return to ‘Plan A’ restrictions in England, there is a [...]

Our Joint Mortgage Sole Owner arrangements offer a family solution to affordability. You may have always thought of it as a way for parents to help their children onto the property ladder or financially assist them with renovations. But did you know JMSO can also be used by adult children to help their parents [...]

Mansfield Building Society has made positive changes to its buy-to-let and residential criteria including an increase to its maximum buy-to-let loan to value (LTV) from 75% to 80% on selected products. With buy-to-let, the Society has reduced the minimum age for applicants to 21 and can now accept first-time landlords. If the applicant is [...]

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 [...]

Our recent research, in partnership with BVA BDRC states that landlords are feeling more optimistic than they were a year ago, with the percentage of landlords feeling “good” or “very good” about their prospects being higher than they were in 2021. This was highlighted in the latest BVA BDRC Landlord Panel research for Q1 [...]

Mansfield Building Society has made positive changes to its buy-to-let and residential criteria including an increase to its maximum buy-to-let loan to value (LTV) from 75% to 80% on selected products. With buy-to-let, the Society has reduced the minimum age for applicants to 21 and can now accept first-time landlords. If the applicant is [...]