Nottingham Building Society Expands Mortgage Criteria for New UK Arrivals Seeking New Build Homes

New Lending Opportunities for Recent UK Arrivals

Nottingham Building Society has announced a significant update to its mortgage lending criteria designed to support individuals and families who have recently arrived in the UK—particularly those looking to purchase new build properties. These enhanced policies address major barriers commonly faced by newcomers, making the path to homeownership in Britain smoother and more accessible than ever before.

Key Product and Criteria Updates

The latest changes from Nottingham Building Society offer several progressive features for applicants on visas and those without extensive UK financial history. The revamped mortgage criteria for new build purchases include:

• Builder incentives accepted up to 5%: Buyers can take advantage of promotions and incentives from builders when purchasing a new build home.
• Loan-to-Value (LTV) limits: Borrow up to 90% LTV for new build houses and up to 80% LTV for new build flats, minimising deposit requirements.
• No minimum time in the UK: Applicants do not need to show a minimum residency period before applying.
• No minimum visa duration: There is no minimum length of visa required, broadening eligibility for recent arrivals.
• No minimum income: The product welcomes applicants with varying income levels, including those just getting started in the UK.
• No UK credit history needed: Applicants without established UK credit records are considered, dramatically increasing the pool of eligible borrowers.
• Up to 5.5x income (LTI) for high earners: For households earning £85,000 or more, up to 5.5 times income may be loaned.
• Interest-only up to 80% LTV: This flexible repayment option is available for those who qualify.

Who Benefits from These Changes?

These criteria mark a major step forward in supporting:

• Recent UK arrivals on visas with limited or no UK credit history
• First-time buyers entering the UK property market
• Families and professionals relocating to the UK who wish to buy new build properties
• Applicants with irregular income or employment history due to their recent move

Special Features and Advantages

• Dedicated underwriter for every application: Each mortgage case benefits from personalised attention, helping navigate unique situations and speeding up the process.
• Flexible on credit history: No UK credit history required, making Nottingham Building Society stand out among UK mortgage lenders for migrants and expats.
• Builder incentives and higher LTVs: Make it easier to buy new build homes with a lower deposit and more options for covering purchase costs.

Why Choose Nottingham Building Society for Your Mortgage?

• Proven expertise in specialist lending for non-traditional borrower profiles
• Flexible criteria that take real-life circumstances into account—especially valuable for recent arrivals to the UK
• Hands-on support through dedicated underwriting from application to completion
• Innovative lending policies that remove common barriers to new build homeownership for overseas customers

Start Your UK New Build Journey Today

If you are a recent arrival to the UK or helping clients who are, Nottingham Building Society’s updated mortgage criteria offer new opportunities to get onto the property ladder. Whether you lack a UK credit history, have just arrived, or need an interest-only solution—these flexible policies are designed with you in mind. Contact our expert mortgage team today for tailored advice and to discuss your eligibility for these groundbreaking mortgage products.

FAQs

• Who can qualify for Nottingham Building Society’s new build mortgage products?Recent UK arrivals on visas with no minimum residency or UK credit history, as well as applicants with varying income levels, can qualify.
• Are there income restrictions for these new build home loans?No minimum income is required, and high earners (household income £85,000+) may borrow up to 5.5x income.
• Can I apply if I don’t have a UK credit history?Yes, Nottingham Building Society welcomes applications from those with no UK credit record.
• What deposit do I need for a new build property?Up to 90% LTV is available for new build houses and up to 80% LTV for new build flats—meaning deposit requirements are low.
• How do I apply or check my eligibility?Contact our mortgage advice team for personalised assessment and support throughout your application.