The Nottingham Building Society has re-entered the 85 per cent LTV market, with two  new fixed rate deals, aimed at first-time buyers, homemovers and those remortgaging.

Nottingham is offering two five-year fixed rate products at this LTV band.

The remortgage option is at 2.95 per cent, while it is also offering a purchase and remortgage option at 3.1 per cent. Both fixed-rate products do not have any upfront fees and offer a free basic valuation. Free legals are available to remortgage customers.

Nottingham BS’s head of intermediary sales Nikki Warren-Dean says: “We are hoping this move contributes to a more positive year for those looking to get themselves onto the property ladder or to move along it.” 

She adds that the broker market will benefit from have more choice at 85 per cent LTV.

“There can be no doubting last year was extremely challenging for everyone, but hopefully we can play our part in 2021 being a lot more positive in the mortgage space.”