News in brief - 17 December 2025

Nottingham Building Society has announced a series of sourcing and criteria enhancements designed to improve affordability and widen access to homeownership for borrowers with complex or non-standard income profiles. The society has removed minimum time remaining requirements for applicants on fixed-term contracts, and is now considering temporary contracts, short-term renewable contracts and rolling contracts. Furthermore, the mortgages and savings mutual has increased flexibility around secondary employment, and is accepting of certain variable income types previously excluded. The Nottingham has also changed its capital-raising options, of which up to 80% LTV will be accepted, including gifts to family members, lease extensions, medical expenses, purchased commercial property, and buy-to-let (BTL) purchases where a property has not yet been identified.

Chetwood Bank has appointed George Gee as managing director for its mortgage division. He brings more than 20 years of sector experience and will head up the digital challenger bank’s ModaMortgages and CHL Mortgages brands from early February 2026. Gee joins the bank from Foundation Home Loans, where he held several senior leadership roles, including chief commercial officer, commercial director and customer services and collections director. He will replace Alan Cleary, who has been acting as interim managing director since September following the departure of Andrew Arwas.

Buckinghamshire Building Society has relaunched its fixed rate everyday expat BTL mortgage, to give brokers a stable, short-term solution for expat landlords seeking payment certainty. The two-year fix starts from 5.79% up to 75% LTV for loan sizes between £50,000 and £500,000, with a product fee of £1,195. It is open to expat landlords with no more than three UK BTL mortgaged properties. The society said that the product’s return reflects growing demand among expat clients for fixed rate options that provide financial certainty with locking into long-term deals.



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