Nottingham Building Society Partners with Nova Credit to Expand Mortgage Range



The Nottingham Building Society teams up with Nova Credit to help foreign nationals in the UK access mortgages using their overseas credit history.

A-2

Nottingham Building Society, also known as The Nottingham, has taken a significant step towards financial inclusion by partnering with California-based credit infrastructure and analytics firm Nova Credit. This partnership aims to assist foreign nationals in the UK in accessing and utilizing their overseas credit history when applying for mortgages. According to both companies, foreign nationals in the UK have been an under-served population of borrowers, and leveraging their overseas credit history will enhance their chances of successfully obtaining mortgage finance when purchasing a property in the UK.


Nottingham Building Society Partners with Nova Credit to Expand Mortgage Range

The new mortgage initiative by The Nottingham will primarily cater to individuals entering the UK on a Health and Social Care Worker or Skilled Worker visa. By collaborating with Nova Credit and utilizing its cross-border credit solution, Credit Passport, The Nottingham can instantly translate an international credit report into a local-equivalent credit score, complete with risk attributes and tradelines. This innovative approach allows the building society to access foreign credit data from various countries worldwide, including emerging markets such as the Philippines, India, Kenya, and more.

In addition to this partnership, The Nottingham recently announced another digital collaboration with software vendor MQube to streamline its mortgage lending processes. This involved the implementation of MQube’s AI-driven mortgage origination platform, Origo, further enhancing the efficiency and effectiveness of the building society's mortgage operations.

A-3

The partnership between The Nottingham Building Society and Nova Credit signifies a significant step towards financial inclusion for foreign nationals in the UK. By enabling individuals to leverage their overseas credit history, the building society aims to boost their chances of successfully applying for mortgage finance, ultimately facilitating their journey towards homeownership in the UK.

Nottingham Building Society Partners with Nova Credit to Expand Mortgage Range

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone

AD4


House Prices Fall in Switzerland: Key Insights Unveiled

Discover the shifting dynamics of Switzerland real estate market as apartment prices rise and single-family homes decline. Essential insights for buyers.

Discover the shifting dynamics of Switzerland real estate market as apartment prices rise and single-family homes decline. Essential insights for buyers.

Read more

Canada Real Estate: Positive Trends Amid Rate Changes

Discover how the recent interest rate cut impacts Canada real estate market, with a 9.1% rise in transactions in early 2024.

Discover how the recent interest rate cut impacts Canada real estate market, with a 9.1% rise in transactions in early 2024.

Read more

Controlling personal finance and budgeting app

What are Top Real Estate Hotspots in Portugal for Foreign Buyer?

Discover why Lisbon, Porto, and Faro attract over 50% of non-resident loans in Portugal real estate market. Explore these thriving hotspots now!

Discover why Lisbon, Porto, and Faro attract over 50% of non-resident loans in Portugal real estate market. Explore these thriving hotspots now!

Read more

Brussels Real Estate Market Update: Prices Cool, Homes Still €100,000 Pricier

Discover how the Brussels real estate market is shifting, with a cooling trend in prices but homes still commanding high premiums. 

Discover how the Brussels real estate market is shifting, with a cooling trend in prices but homes still commanding high premiums. 

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

New Zealand Real Estate Market Cools Further in June: A Comprehensive Analysis

Explore the latest trends as housing prices and sales decline across New Zealand. Get a comprehensive analysis of the cooling New Zealand real estate market.

Explore the latest trends as housing prices and sales decline across New Zealand. Get a comprehensive analysis of the cooling New Zealand real estate market.

Read more

Luxury Living: A New Investment Niche in UK Real Estate

Discover the resurgence of holiday let investments in the UK real estate market, presenting asset managers with lucrative opportunities in luxury living.

Discover the resurgence of holiday let investments in the UK real estate market, presenting asset managers with lucrative opportunities in luxury living.

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

Investment Property with Pool in Portugal: 61% Higher Costs

Explore why investment property with pool in Portugal are 61% more expensive. Understand the market dynamics and benefits of pool ownership.

Explore why investment property with pool in Portugal are 61% more expensive. Understand the market dynamics and benefits of pool ownership.

Read more

Why Foreign Investors Are Retreating from US Real Estate?

Explore the factors driving the decline in foreign investment in U.S. real estate and insights from experts on the shifting housing landscape.

Explore the factors driving the decline in foreign investment in U.S. real estate and insights from experts on the shifting housing landscape.

Read more

Cyprus and Greece real estate market: Rental Yields Soar to New Heights

Explore the surge in rental yields in Cyprus and Greece, fueled by increasing overseas interest. Uncover the investment opportunities now!

Explore the surge in rental yields in Cyprus and Greece, fueled by increasing overseas interest. Uncover the investment opportunities now!

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.