Nottingham BS enhances foreign national and expat mortgage rates and criteria

Nottingham Building Society is enhancing flexibility for foreign nationals and returning expats through a range of changes to its mortgage products.

The changes offer borrowers greater flexibility with rate reductions, new visa acceptance criteria and extended end dates, providing more accessible options for skilled foreign workers and expats looking to settle in the UK.

The updates include expanded visa acceptance to include global talent, pre-settlement, UK ancestry, British national overseas (BNO), health and care worker, skilled worker, tier 2 (if granted before 1st December 2020), and dependant visas (for joint applicants).

The Society has also announced rate reductions of up to 0.10% on its two-year foreign nationals and returning expats range.

The Nottingham’s foreign national mortgage offering, launched earlier this year, supports skilled foreign nationals settling in the UK by providing flexible mortgage products.

Alison Pallett, sales director at Nottingham Building Society (pictured), said: “Our goal is to ensure that we offer attractive and flexible products to meet the unique needs of our customers – from skilled foreign nationals and returning expats, to those looking for specific options like retirement interest-only or buy-to-let. 

"Expanding our visa acceptance criteria and adjusting rates and terms are important steps in continuing our commitment to making homeownership accessible for individuals with wide-ranging residency backgrounds, ensuring we can support anyone who aspires to own their own home.”