The Nottingham confirms large loan mortgage and rate cuts

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

The two-year fixed 80% LTV product will be priced at 1.85% and comes with £999 fees, with £199 upfront.

As part of the changes, the society has also added to its range with a no-fee 75% LTV remortgage-only option fixed at 1.70% for two years. The Nottingham has also cut the rate of its no-fee two-year fixed 80% LTV remortgage-only offering to 2.05%, down from 2.15%.

“We continue to evolve and are really happy that the latest product additions include a larger loan offering and another remortgage-only option,” commented the society’s head of intermediary sales, Nikki Warren-Dean.

“We’re also pleased to have been able to make rate reductions to our three and five-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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