The Society has launched two new five-year fixed rate products for first-time buyers and home movers.

The Society will now recognise a wider range of income sources, such as 100% of secondary income and child maintenance.

Nottingham Building Society will benefit from Smoove’s lender panel management.

First-time buyers are looking for more flexible ways to borrow, but the market is not always meeting these needs, brokers say.

Brokers told Financial Reporter how changing communication needs, internet research and a more complex mortgage market are impacting their interactions with first-time buyers.

48% of 25-34 year olds – rising to 58% of 18-24 year olds - dream of starting their own business but worry about how it could affect their ability to qualify for a mortgage.

Brokers also shared where they see room for improvement in the mortgage market.

The Society has also enhanced its buy-to-let criteria.

The lenders have agreed a forward-flow funding deal which will enable Gen H to support more borrowers with a wider range of circumstances.

The club's network will now have access to the Society’s range of mortgage products.