Nottingham brings back 90% LTV lending | Mortgage Strategy

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Nottingham for Intermediaries has re-entered the 90 per cent lending market with a fixed product.

The lender’s five-year fix with zero fee comes in at 3.70 per cent and, with a £999 fee, at 3.45 per cent.

Nottingham has also issued new 80 per cent LTV mortgages. For a two-year fix, borrowers will pay 2.30 per cent and, for a three-year fix, 2.60 per cent.

A new 80 per cent LTV two-year fix, meanwhile, is set a 2 per cent and charges a £199 booking fee and an £800 arrangement fee.

And following the lender’s re-instatement of 85 per cent LTV lending at the start of this year, a new 85 per cent LTV three-year fixed rate product with zero fee has been set at 2.90 per cent.

Nottingham head of intermediary sales Nikki Warren-Dean says: “We’ve been working very hard behind the scenes to be able to bring back 90 per cent LTV mortgages.

“Buying property is never easy, and that has undoubtedly become more challenging due to the Covid-19 pandemic. We were always looking to return to this space and to help people with smaller deposits, however it was important to do so in a measured and responsible way.”


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