The Nottingham makes return to mortgage market

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Limited company buy-to-let and self-build mortgages will also be available.

The society is offering a maximum LTV of 80% for residential borrowers and 75% to landlords.

Residential rates start from 2.55% and standard buy-to-let deals begin at 2.80%.

The Nottingham was forced to stop accepting new business in September, because of high mortgage application volumes over the summer.

To maintain its service levels, the society will restrict its distribution to 12 networks and large firms.

The Nottingham’s head of intermediary sales Nikki Warren-Dean said: “We are happy to have mortgages available again following the temporary break, which acted as a positive opportunity to work through the unprecedented level of applications.

“We can assure all brokers that this is structured in a way that eases us back into the marketplace in a measured way to ensure we can maintain our high levels of service. We hope to be able to open up distribution to our entire broker network in the very near future.”

The 12 distributors are; BuildLoan, First Complete, London & Country, Mortgage Advice Bureau, Mortgage Intelligence, Openwork, Personal Touch, Pink, Quilter, Sesame, Stonebridge and Tenet.