Nottingham Building Society to open seven building society branches due for closure
The Nottingham Building Society (‘The Nottingham’) has announced that in November and December this year, it will open seven new branches in market towns across the Midlands, Cambridgeshire and Norfolk.
How does a building society work?
A mutual building society, such as The Nottingham, is a financial institution run for the benefit of its members, primarily offering saving and mortgage services. We don’t have shareholders which means our profits and extra benefits can be reinvested in the business and passed on to customers.
Types of mortgage explained
Different mortgage types can seem confusing, so here's a guide to the pros and cons of fixed-rate mortgages, tracker mortgages and discount mortgages - and what an interest-only mortgage is.
What is a credit score – and will it affect my chance of a mortgage?
In most instances, when you apply to borrow money or get credit on a purchase, the lender will carry out a credit score to decide how much of a risk it is to lend to you. In theory, the better your credit score the better your chances of getting a mortgage, credit card or loan – and with lower interest rates.
12 things that could scupper your credit score
If you’re looking for a mortgage, want to pay for something in instalments or get a new credit card, the lender will want to be sure they can trust you to pay them back. Here are the main factors which can make lenders think twice about your application.
What is LTV, and why does it affect your mortgage?
LTV, or Loan to Value, is the percentage of your mortgage loan compared with the surveyors’ valuation of the property. The lower the LTV, the lower the rate of interest. Read more.
Major investment in new digital technology
A multi-million pound investment in digital technology has been announced by the Nottingham Building Society (known as The Nottingham), which will make it easier for members to access the society’s unique advice and service proposition online as well as in branch.
Remortgaging - finding a new deal
Although a mortgage is a long-term commitment – and probably your biggest single monthly outgoing – it often pays to switch products during the term of the loan, or when a deal with your lender ends and they offer a range of alternatives.
Mortgage adviser Carla cleans up
Ambitious mortgage adviser Carla Peel swept to a top honour at our annual staff awards event - 15 years after starting out at the company as a branch cleaner!
Mortgage problems 'block one in three house sales'
More than one in three house sales or purchases fall through because buyers or sellers cannot arrange a
mortgage in time our latest research* shows.