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Nottingham BS launches large loan product 

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  • 15/06/2021
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Nottingham BS launches large loan product 
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.

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.”

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