The Nottingham unveils five-year fixed remortgage product

10 February 2021 | General

The Nottingham has expanded distribution of a five-year fixed remortgage product at 2.25% to 80% loan-to-value.

There are no booking or arrangement fees and it comes with a free valuation and standard remortgage legal fees paid.

Nikki Warren-Dean, head of intermediary sales at The Nottingham Building Society, said: “Brokers are receiving many enquiries about remortgages, especially with so much uncertainty around. That is leading to many people seeing remortgaging as a sensible and stable option for them in the current climate.

“We are following our recent return to 90% LTVs for those with smaller deposits with a mortgage that could be an option for those looking to stay where they are but on a more affordable deal for them over the next five years.

“Our ongoing aim is to have products to suit all circumstances, but with a high number of people looking to remortgage and wait and see what the housing market does over the coming years we have reacted by introducing this product.”

This post has originally been featured in Property Wire.