Nottingham Building Society has broadened its mortgage criteria for skilled foreign nationals settling in the UK.
Nottingham Building Society will now accept global talent and pre-settlement visas in addition to the skilled worker, health and social care and Tier 2 visas it already allows.
This change will be effective immediately and is part of the mutual’s aim to support a wide range of borrowers and various needs.
For borrowers with a global talent visa, which indicates they have specialised industry skills, Nottingham Building Society does not require a minimum salary and the person does not need to be working with a specific employer.
For applicants with a pre-settlement visa, including EU and Swiss nationals who were living in the UK as of 30 June 2021, this visa allows European foreign nationals to live and work in the UK indefinitely.
Nottingham Building Society launched its foreign nationals proposition in May and the mutual said the range had seen “significant interest” already, with decisions in principle (DIPs) from over 30 different nationalities to date.
The range launched with criteria that required no minimum residency. Last month, Nottingham Building Society reduced product rates across the proposition.
Alison Pallett, sales director at Nottingham Building Society, said: “We are delighted to continue expanding our mortgage offering and help people with different, diverse circumstances to settle in the UK.
“We will now be able to support even more talented professionals from around the world, who make substantial contributions to the UK, in achieving their homeownership goals.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
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