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The Nottingham and Ipswich BS launch 90 per cent LTVs

  • 16/02/2021
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The Nottingham and Ipswich BS launch 90 per cent LTVs
The Nottingham has launched two and three-year fixed products, including a 90 per cent loan to value (LTV) mortgage.


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. 

“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. 

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