The Nottingham adds larger lending mortgage

Jake Carter

June 15, 2021

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

The 2-year fixed 80% loan-to-value (LTV) product is priced at 1.85% and comes with £999 fees, which includes £199 upfront.

The building society has also added to its range with a no-fee 75% LTV remortgage-only option fixed at 1.70% for 2-years.

The Nottingham has also cut the rate of its no-fee 2-year fixed 80% LTV remortgage-only offering to 2.05%, from 2.15%.

The 80% LTV 3-year fix has been cut from 2.60% to 2.30%, and the 90% LTV 5-year fix from 3.70% to 3.60%; both do not include fees.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, 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 5-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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