8:30 AM, 10th April 2026, 7 minutes ago
Nottingham Building Society has extended its maximum buy to let mortgage term to 40 years and opened lending to first-time landlords, reshaping its criteria in several areas at once.
The previous 35-year cap has been lifted, with the mutual pointing to greater flexibility for landlords structuring borrowing, particularly where longer terms influence affordability and repayment profiles.
Alongside that shift, criteria have been widened to include first-time landlords, while lease length requirements have been adjusted in cases where properties still meet end-of-term standards.
It is a broader reset of how cases are assessed.
Portfolio checks
The lender’s portfolio coverage has also been revised to bring more consistency to background portfolio checks, while keeping existing affordability rules and responsible lending measures in place.
Elsewhere, changes introduced earlier this year remain, including expanded lending on ex-local authority flats and an updated approach to concessionary purchases, allowing landlords to sell to tenants at a discount.
Nottingham’s sales director, Matt Kingston, said: “Extending the maximum mortgage term, opening our criteria to first-time landlord borrowers, and adopting a more transparent portfolio stress rate all help create a more practical framework for landlords managing their investments today.”
ModaMortgages new BTL range
Meanwhile, ModaMortgages has launched a limited edition range of buy to let products, covering both standard and more complex property types.
Rates start at 3.39% for two- and five-year fixed deals on single dwellings.
Products for HMOs and multi-unit blocks of up to six units are also included, with pricing from 3.49%.
All products are available to individual and limited company landlords, and the lender is offering free valuations across the range.
The lender’s group distribution director, Roger Morris, said: “With markets changing daily, landlords want options they can understand and rely on.
“We remain committed to offering the solutions and support that brokers and their clients need to feel like they’re on solid ground, even when the sands keep shifting.”
For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below: