Nottingham Building Society has launched five-year fixed mortgage products to support foreign nationals looking to buy a home in the UK.
The new range of five-year products mirrors those already available to returning ex-pats.
Loan-to-value (LTV) rates will be between 75% and 90% and rates will start at 5.29%.
The products will also have fixed rates until the end of July 2029 and come with free legal fees for remortgages.
In addition, overpayments of up to 10% are are allowed per year.
The lender says the expansion of products for foreign nationals is a response to feedback since its recent launch
Nottingham Building Society sales director Alison Pallett says: “We are delighted to meet the evolving needs of brokers and customers, and to support a segment of the market that has previously found it difficult to obtain a mortgage.”
