"After a cautious entry into the self-build market in March we now believe the time is right to open up our criteria."
The new criteria includes an increase in maximum LTV – up to 75% LTV on the purchase of land, and up to 80% LTV of the building costs (subject to a maximum final LTV of 80%).
It will also consider joint venture developments, where there are fewer than 16 properties, and developments where existing property is to be demolished.
Nikki Warren-Dean, Head of Intermediary Sales at The Nottingham, said: After a cautious entry into the self-build market in March we now believe the time is right to open up our criteria.
“At The Nottingham we have a growing appetite for specialist niche lending and these enhancements will enable more self-builders to secure the right type of funding for their bespoke home projects.”
