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The Nottingham expands into holiday let

  • 29/06/2022
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The Nottingham expands into holiday let
The Nottingham has launched holiday let mortgages.


The building society’s criteria includes lending on up to two holiday lets in England or Wales, with no minimum personal income requirement.

Up to 32 weeks of rental yield will be taken into consideration and the owner is able to use the property for up to 60 days each year.

The deals are available up to 75 per cent loan to value (LTV) and include a two-year fix at 3.55 per cent and five-year fix at 3.82 per cent. Both products come with a £999 fee.

There is also a two-year discount with no early repayment charges and £999 fee at 3.25 per cent.

The Nottingham’s head of mortgage product, Christie Cook (pictured), said: “As we head into summer hopefully our competitively priced range of holiday let products, aligned with our lending criteria, will bring some sunshine to brokers and their customers.

“The challenges and restrictions brought about by the pandemic led many to rethink certain aspects of their lives including how, and where, they take their holidays – with a well-publicised surge in the number of staycations.

“That in turn has created a potential investment and income opportunity for those looking to purchase a holiday rental, so we are excited to be lending in this space.”


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