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The Nottingham announces four new residential fixed rate mortgage products

Submitted by on February 14, 2013 – 3:47 pm

The NottinghamMartyn Bell, Mortgage Product Manager at The Nottingham, says, “After a successful January, these additions show yet further reductions for two and five year fixed rates at 70% and 80% LTV. All  come with a free valuation for both purchase and re-mortgages, whilst free legals also apply to remortgages to keep set-up costs down.

The new products have been priced competitively to support a growing demand from both existing homeowners and FTBs as the housing market picks up. As a top 10 building society (and estate agency) The Nottingham lends up to 95% LTV to FTBs in its East Midlands heartland through its branches and directly by phone. In addition it lends up to 90% LTV nationally throughout England and Wales through selected mortgage brokers and a dedicated telephone team.  This service also extends to a range of competitive BTL products for property investors.”

Key Product Points

·    Rates on three residential products have been reduced:

o   2 year, 2.79% (was 2.99%) fixed, max 80% LTV

o   5 year, 3.44% (was 3.69%) fixed, max 80% LTV

o   5 year, 3.09% (was 3.29) fixed, max 70% LTV

·         A new product with a max 70% LTV has been introduced:

o   2 year, 2.49% fixed

·         These products are available for purchase and re-mortgage

·         There is a £199 upfront Booking Fee which is non-refundable

·         There is an £800 Arrangement Fee which is added to the loan on completion

·         Free basic valuation for both purchase and re-mortgage applications

·         Free legals cost for re-mortgage conveyancing (terms apply)

·         These products are available via The Nottingham’s branch network, directly by phone or through selected intermediaries – see for full details.