The Nottingham has reintroduced 75% LTV buy-to-let mortgage products.
In 2019 the society focused on a number of developments, including cashback and retirement interest-only mortgages as well as a new broker portal system, but a key part of the strategy remained to return to the 75% LTV buy-to-let space as soon as possible.
A year on from last offering 75% LTV buy-to-let mortgages, The Nottingham has unveiled the following products;
- Two-year fixed at 1.69%, £999 fee
- Two-year fixed at 2.09%, no fee
- Five-year fixed at 2.04%, £1,999 fee
- Five-year fixed at 2.28%, no fee
The Nottingham has also lowered the rate of its existing 65% LTV buy-to-let fee (£999) paying five-year fixed product from 2.40% to 1.94% (now with £1,999 fee).
Buy-to-let applications have also been widened to allow for purchases as well as remortgages.
Nikki Warren-Dean, head of intermediary sales at the Nottingham, said: “Our plan was always to return to this space. It’s a key part of our strategy and we are delighted to introduce another range of highly competitive products built around what brokers and their clients want.”
