The 90 per cent LTV product is a three-year fixed purchase and remortgage product with a rate of 3.4 per cent. This has a £199 fee. 

The mutual has also released a two-year fixed 80 per cent LTV purchase and remortgage deal at 1.75 per cent with a £999 fee. 

Other two-year fixes new to the range include a fee-free remortgage-only product with a rate of 1.95 per cent at 80 per cent LTV, and a purchase and remortgage fee-free option at 85 per cent LTV with set at 2.6 per cent. 

Nikki Warren-Dean (pictured), intermediary head of sales at, The Nottingham, said: “These products are further examples of our desire to keep widening our product range to ensure we have the most rounded proposition possible. 

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“Having recently returned to the 90 per cent LTV space and expanded distribution of our popular new five-year fixed remortgage product we have introduced these two and three-year fixed options and now have a competitive deal available for larger loan lending.”     

 

Ipswich BS adds five-year fix at 90 per cent LTV 

Ipswich Building Society has reduced the rates on two of its recently relaunched two-year 90 per cent LTV mortgages and added a five-year fixed alternative for low-deposit borrowers.  

The mutual re-entered the high LTV space in September. 

The two-year fixed has been cut from 3.75 per cent to 3.25 per cent while the discounted two-year fixed has been reduced from 3.5 per cent to 2.99 per cent. 

The five-year fixed has a rate of 3.45 per cent.  

The mortgages are not available to those who are self-employed, furloughed or currently on a payment deferral. Additionally, applications who have taken a mortgage payment holiday or have been furloughed since September will not be eligible. 

Anyone who was previously furloughed before September must have returned to full-time work since. 

Richard Norrington, CEO at Ipswich Building Society, said: “The popularity of our current two 90 per cent LTV mortgage deals made it very clear that there’s a real need in the market to serve those applicants looking to purchase with a smaller deposit.  

“Repricing these products makes them accessible to even more people, allowing us to address the industry’s pent-up demand, as well as allow more people to acquire their dream home.”