Nottingham Building Society launches four new buy-to-let mortgages

The Nottingham Building Society launches four new buy-to-let mortgages with effect from 9am, Friday 12th April.

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Nottingham Building Society

We recognise that while we continue to help many people who still aspire to get on the housing ladder, we also provide support for those who choose to rent by providing competitive products for new and existing landlords

Nottingham, Nottinghamshire (PRWEB UK) 13 April 2013

These exciting additions show further reductions for its 2 and 3 year BTL fixed rates at 75% LTV and the addition of lower fee options. All four deals come with a free valuation for both purchase and re-mortgages, whilst free legals apply to re-mortgages.

Key points

  •     New 2 year and 3 year fixed rates
  •     Rates have been reduced
  •     Lower fee option available on both 2 and 3 year products
  •     Free basic property valuation
  •     Free legals for remortgages
  •     Available via Branch, Direct and selected intermediaries

New Product Details

2 year, 3.49% (was 3.65%) fixed to 01/07/15, 75% LTV, £499 Booking fee (paid upfront and non-refundable), £1,500 Arrangement fee (paid on completion)

2 year, 3.85% (lower fee option) fixed to 01/07/15, 75% LTV, £299 Booking fee (paid upfront and non-refundable), £1,200 Arrangement fee (paid on completion)

3 year, 3.79% (was 3.98%) fixed to 01/07/16, 75% LTV, £499 Booking fee (paid upfront and non-refundable), £1,500 Arrangement fee (paid on completion)

3 year, 3.99% (lower fee option) fixed to 01/05/16, 75% LTV, £299 Booking fee (paid upfront and non-refundable), £1,200 Arrangement fee (paid on completion)

Rachel Kolebuk, mortgage product manager at The Nottingham, said, “Our improved BTL products will give additional support to an already strong private-rented housing sector. These products complement our continued support for first time buyers through our 90% and 95% LTV FTB deals. We recognise that while we continue to help many people who still aspire to get on the housing ladder we also provide support for those who choose to rent by providing competitive products for new and existing landlords.”


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