The Nottingham resumes self-build lending
The Nottingham is set to launch two 80% loan-to-value (LTV) products for self-builds, conversions and renovation projects.
The 2-year fixed will be available at 4.49% with a £1,499 fee and the 2-year discountis available at 3.99% variable (1.75% less than variable mortgage rate) again with a £1,499 fee.
Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “Bringing back self-build mortgages is the latest stage of our phased product range return, having recently reintroduced 80% LTV residential and 75% buy-to-let mortgages.
“Following the resumption of physical valuations we are also pleased to have added lending on renovations, in response to feedback from brokers and their clients.”