The Nottingham returns to 90% LTV

20 January 2021 | General

The Nottingham Building Society has become the latest lender to relaunch into 90% LTV.

There is a no-fee 5-year fixed at 3.70%, as well as a 3.45% offering with a £999 arrangement fee.

The Nottingham has returned to 90% LTV just two weeks after returning to 85% LTV.

Nikki Warren-Dean, head of intermediary sales, said: “We’ve been working very hard behind the scenes to be able to bring back 90% LTV mortgages.

“Buying property is never easy, and that has undoubtedly become more challenging due to the Covid-19 pandemic.

“We were always looking to return to this space and to help people with smaller deposits, however it was important to do so in a measured and responsible way.”

“We are delighted to be able to unveil products that could help make house moves or remortgages that in 2020 may have looked impossible, possible.”

For those with a 15% deposit, there is a 2.90% no-fee 3-year fixed product.

Where the preference is no Early Repayment Charges, a 2-year discount mortgage is available at 2.20% (3.54% off the Society’s Variable Mortgage Rate) with a £199 booking fee.

This post has originally been featured in Property Wire.