The Nottingham brings back self-build lending - Mortgage Strategy

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The Nottingham for Intermediaries is returning to self-building lending on Monday.

Two new products will be available for this type of business, both available at up to 80 per cent LTV.

A two-year fix has a rate of 4.49 per cent and commands a £1,499 fee, and the second is a two-year discount of 1.75 per cent, giving an initial rate of 3.99 per cent. It too has a £1,499 fee.

The Nottingham head of intermediary sales Nikki Warren-Dean says: “Bringing back self-build mortgages is the latest stage of our phased product range return, having recently reintroduced 80 per cent LTV residential and 75 per cent buy-to-let mortgages.

“Following the resumption of physical valuations, we are also pleased to have added lending on renovations, in response to feedback from brokers and their clients.”


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