Nottingham Building Society restores mortgage distribution

November 30, 2020 by Brendan O'Neill

Lenders

After it opted out of the market temporarily back in September, Nottingham Building Society has now announced that mortgage distribution is now once again available to its entire network of advisors.

The building society introduced a limited restoration of mortgage distribution earlier in the month, making its range of products available to 12 large companies and mortgage networks, but now it has restored full distribution to all. Its decision in September to take a break from the market was so that it could get on top of an overwhelming number of applications for loans that it had received over the summer months.

Speaking to Mortgage Strategy, the Head of Intermediary Sales for Nottingham Building Society, Nikki Warren-Dean, stated that the company had always maintained that it would allow all of its network of advisors access to its mortgage products again as soon as possible, and that this announcement showed that it kept its word, adding:

“Returning in a structured and measured way was really important to ensure we could maintain the high levels of service we pride ourselves on, and we are delighted to now be in a position to be working with our entire network again.”

Among the various mortgage loans that Nottingham Building Society currently offers to customers are self-build, buy-to-let, discount and fixed-rate residential products.

The uncertainty that the housing and mortgage markets have been thrown into by the pandemic shows why many advisors choose the comparative security of a network like this after they get their CeMAP qualification.