Nottingham launches three discount mortgages
The building society is offering 2-year products at 2.50% (3.49% off SVR) to 90% LTV, 2.24% (3.75% off) to 80% LTV and 1.85% (4.14% off) to 75% LTV, all with a £199 booking fee.
Chris Parker, head of intermediary sales at The Nottingham, said: “There is a perception that the best value mortgages are always fixed rate products, but that’s sometimes not the case.
“These discount mortgages are competitive in the marketplace and offer an appealing alternative to fixed rate products. They are also flexible, as customers can make unlimited overpayments.
“They are limited availability, so we encourage early applications to avoid disappointment.”
The three products incur no early repayment charges, free basic valuations and free legals for remortgage customers.