View more on these topics

Nottingham ups self-build LTV, widens criteria

Hard-Hat-Construction-700.jpg

Nottingham Building Society has increased its maximum LTV and widened criteria on its self-build mortgages. 

Self-builders will be able to borrow up to 75 per cent LTV on the purchase of land, and up to 85 per cent LTV of the final value of the property. 

The previous LTVs were 65 per cent and 75 per cent, respectively. 

The lender will now also consider joint venture developments where there are fewer than 16 properties.  

It will also consider developments where existing property is to be demolished. 

Nottingham head of intermediary sales Nikki Warren-Dean says: After a cautious entry into the self-build market in March we now believe the time is right to open up our criteria.  

“At the Nottingham we have a growing appetite for specialist niche lending and these enhancements will enable more self-builders to secure the right type of funding for their bespoke home projects.”

Recommended

BuildStore launches ASU cover for self builders

BuildStore, the UKs self build specialist, has teamed up with general insurance provider D&D Homecare to provide self builders and renovators with a phased cover accident sickness and unemployment policy that can be bought alongside BuildStores self build mortgages.The product features phased cover, which allows self builders and renovators to start the policy with a […]

TMB reduces fixed, remortgage and self build rates

The Mortgage Business, the specialist and packager focussed lender has reduced the rates on its fixed rate, and dedicated remortgage and self build products.The rates includes refreshed fixed rates at 4.95% until the end of 2008, a remortgage only self-cert rate with no completion fee and 750 cashback, set at Bank base rate +0.99% until […]

Default image

Health Shield announces strong results

Health Shield, a corporate health cash plan provider, has announced that it has increased gross annual premium income to more than £25m in another year of strong organic growth.

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.

Newsletter

News and expert analysis straight to your inbox

Sign up