Nottingham BS unveils 80% LTV buy-to-let mortgages

Lender also enhances lending criteria

Nottingham BS unveils 80% LTV buy-to-let mortgages

Nottingham Building Society has introduced a series of changes to its buy-to-let mortgage offerings, including new 80% loan-to-value (LTV) products, in an effort to provide landlords with more flexible financing options.

The mutual has added two- and five-year fixed rate 80% LTV mortgages to its standard and limited company buy-to-let product ranges. These new offerings complement its existing 75% LTV mortgage products.

In addition to the new mortgage options, Nottingham Building Society has adjusted several of its lending criteria. The maximum number of buy-to-let properties a landlord can hold through the society has increased to five, while the minimum age requirement for applicants has been lowered from 25 to 21. The lender has also made application processes simpler by removing the requirement for business plans and will now accept bounce-back loans from special purpose vehicles (SPVs).

These changes follow a challenging year for UK landlords, who have faced rising interest rates, tax changes, and economic uncertainty.

“UK landlords have faced significant challenges in recent years, from rising interest rates and tax changes to evolving economic pressures that have tested even the most experienced investors,” said Matt Kingston (pictured), sales director at Nottingham Building Society. “We understand these pressures and are committed to providing solutions that make property investment more accessible and straightforward for current and aspiring landlords.”

Kingston added that the updated criteria aim to create a “simpler, more flexible process” while supporting a diverse range of landlords, including younger investors and those using alternative business structures.

“As a mutual, our purpose is to put people first, and we know landlords play a vital role in providing homes across the UK,” Kingston said. “By evolving our criteria and offering tailored solutions, we’re ensuring they can keep doing that while building a strong financial future for themselves.” 

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