user.first_name
Menu

Mortgage News

Nottingham BS launches large loan product 

Shekina Tuahene
Written By:
Posted:
June 15, 2021
Updated:
June 15, 2021

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

 

The two-year fix 80 per cent LTV product has a rate of 1.85 per cent and a £999 fee.

The mutual has also added a fee-free 75 per cent LTV remortgage product with a rate of 1.7 per cent, fixed for two years.

The Nottingham has also reduced rates on a number of deals.

This includes its fee-free two-year fixed remortgage product at 80 per cent LTV, which is down to 2.05 per cent from 2.15 per cent.

Sponsored

Are your clients ready for the first Making Tax Digital reporting deadline?

Sponsored by BM Solutions

For purchasers and remortgagors, the three-year fixed product at 80 per cent LTV has been reduced from 2.6 per cent to 2.3 per cent. The three-year fixed rate at 85 per cent LTV has been cut from 2.9 per cent to 2.7 per cent. Both products have no fee.

A five-year fixed product at 90 per cent LTV with £999 fees now has a rate of 3.3 per cent, down from 3.45 per cent. The fee-free equivalent has been reduced to 3.6 per cent, previously 3.7 per cent.

Nikki Warren-Dean (pictured),  Nottingham Building Society’s head of intermediary sales, said: “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.”