Nottingham Building Society back in mortgage market

November 12, 2020 by Brendan O'Neill

Lenders

The Nottingham Building Society has made its range of mortgage products available to borrowers again, after these were temporarily withdrawn from the market back in September.

Among the products that will once more be available to customers are both discount and fixed rate residential mortgages, as well as self-build, buy-to-let for limited companies and standard buy-to-let deals. This range of loans will be on offer through both large companies and the 12 mortgage networks that make up the building society’s distribution arm.

Nottingham Building Society’s Intermediary Sales Head, Nikki Warren-Dean, told FT Adviser that:

“We are happy to have mortgages available again following a temporary break, which acted as a positive opportunity to work through the unprecedented level of applications.”

Warren-Dean went on to say that all of those advisors that were part of the relevant networks could be sure that its return had been planned out to allow it to move back steadily into the market and keep its standards of customer service at a high level.

The building society stated at the time that the decision to temporarily opt out of the mortgage market was made so that it could deal with the applications for loans that it already had in progress – the numbers of which it described as being greater than it had ever experienced before.

A similar situation has played out among other lenders due to the huge levels of demand for loans since the market reopened. This could potentially fuel a further rise in the numbers taking CeMAP courses, as well.