The Nottingham Unveils New Mortgage Products

15 June 2021 | General

The Nottingham has introduced a new larger lending mortgage aimed at those looking to borrow over £350,000.

The two-year fixed 80 per cent LTV product is priced at 1.85 per cent and comes with £999 fees (£199 upfront).

It comes as the building society also adds to its range with a no-fee 75 per cent LTV remortgage-only option fixed at 1.70% for two years. The Nottingham has also cut the rate of its no-fee two-year fixed 80 per cent LTV remortgage-only offering to 2.05 per cent (from 2.15%).

Further positives for would-be property purchasers or those looking to remortgage come in the form of further rate reductions, on the following products;

· Three-year fixed 80 per cent LTV with no fees now 2.30 per cent (was 2.60 per cent)

· Three-year fixed 85 per cent LTV with no fees now 2.70 per cent (was 2.90 per cent)

· Five-year fixed 90 per cent LTV with £999 fees (£0 upfront) now 3.30 per cent (was 3.45 per cent)

· Five-year fixed 90 per cent LTV with no fees now 3.60 per cent (was 3.70 per cent)

The Nottingham’s Head of Intermediary Sales, Nikki Warren-Dean, says: “We continue to evolve and are really happy that the latest product additions include a larger loan offering and another remortgage-only option. We’re also pleased to have been able to make rate reductions to our three and five-year fixed rate residential mortgages, as we continue to build a competitive range that gives choice to people whatever their property goals and circumstances.”

This post has originally been featured in Property Wire.