The Nottingham introduces new remortgage product

Jessica Nangle

February 9, 2021

remortgage instructions

The Nottingham has introduced a new 5-year fixed remortgage product in light of increased housing market uncertainty.

The 80% LTV remortgage-only product that is fixed at a rate of 2.25% for five years, has now been rolled out to all brokers.

There are no booking or arrangement fees and it comes with a free valuation and standard remortgage legal fees paid.

The Nottingham are currently working to an SLA of looking at all new cases received from brokers within one working day.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “Brokers are receiving many enquiries about remortgages, especially with so much uncertainty around.

“That is leading to many people seeing remortgaging as a sensible and stable option for them in the current climate.

“We are following our recent return to 90% LTVs for those with smaller deposits with a mortgage that could be an option for those looking to stay where they are but on a more affordable deal for them over the next five years.

“Our ongoing aim is to have products to suit all circumstances, but with a high number of people looking to remortgage and wait and see what the housing market does over the coming years we have reacted by introducing this product.”

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