The Nottingham relaunches 90% LTV range

Essex Home Finance
The Nottingham has relaunched its 90% LTV mortgage products two weeks after returning to the 85% LTV space.
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The Nottingham has relaunched its 90% LTV mortgage products two weeks after returning to the 85% LTV space.

Five-year fixed rates start from 3.45% with a £999 product fee or 3.70% fee-free.

The Nottingham has also introduced new mortgage products at 80% LTV. A two-year fixed rate is available at 2.00% with a £199 booking fee and £800 arrangement fee or 2.30% with no fee. A three-year fee-free fixed rate is also available at 2.60%.

At 85% LTV, the Society has launched a 2.90% three-year fixed product with no fee. A two-year discount mortgage is available at 2.20% (3.54% off the Society’s SVR) with a £199 booking fee and no early repayment charges.

Head of intermediary sales, Nikki Warren-Dean, said: “We’ve been working very hard behind the scenes to be able to bring back 90% LTV mortgages.

“Buying property is never easy, and that has undoubtedly become more challenging due to the Covid-19 pandemic. We were always looking to return to this space and to help people with smaller deposits, however it was important to do so in a measured and responsible way.”

“We are delighted to be able to unveil products that could help make house moves or remortgages that in 2020 may have looked impossible, possible.”

Original Article from Financial Reporter 20/01/2021

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