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The Nottingham launches high LTV two-year fixes

  • 03/05/2022
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The Nottingham launches high LTV two-year fixes
The Nottingham has released two-year fixed mortgages to its range with loan to value (LTV) of 80 per cent and above.


These include a fee-free 80 per cent LTV option with a rate of 2.65 per cent.  

There are also three products at 85 per cent LTV. The first has no fees and a rate of 2.68 per cent, the second also has no fees, offers £350 cashback and has a rate of 2.8 per cent. The third has a £999 fee and a rate of 2.43 per cent. 

There are two fee-free deals at 90 per cent LTV, one with a rate of 2.76 per cent and another with a rate of 2.96 per cent including a £500 cashback incentive. 

At 95 per cent LTV, the £999 fee-paying mortgage has a rate of 2.82 per cent, while the fee-free option with £500 cashback has a rate of 3.16 per cent. 

None of the fee-paying products require upfront payment. 

A free basic valuation is available on all products, which are also all portable. Paid legal fees are available for remortgage customers, with cashback products available on purchase only. 

The mutual said the mortgages will be suitable for first-time buyers due to the competitive rates. 

Christie Cook (pictured), The Nottingham’s head of mortgage products, said: “We’ve unveiled a range of higher LTV options we hope will appeal to people with smaller deposits. 

“It’s well documented how tough it is right now for first-time buyers, as well as many others, to achieve their property ambitions. As a lender we are keen to ensure we continue to bring competitive products like these to market. 

“We also know that following the pandemic many people are re-evaluating their situations and looking to remortgage onto cheaper deals whilst they consider their future, which is another reason for us to remain agile with our offering.” 

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