Changes, which NBSIS believes will be popular with brokers and their clients, include a two-year fixed rate fees-free product. This comes at 2.98% (APR 5.5%) with a LTV of up to 80% and the fees free element provides borrowers with more spare cash at the outset of a move.
Additionally, a five year fixed rate is available at 3.52% (APR 5.1%). This product is also available up to 80% LTV and comes with no completion fees.
Finally, the Society chose to revise its 10-year product. This comes at a fixed rate of 4.49% until 30th September 2024 (APR 5.1%) but it is now available with no reservation or completion fees and is available up to 80% LTV. The product comes with no Early Repayment Charges after five years which means borrowers have the flexibility to move home or repay their mortgage without any restricting penalties after this date.
The products are available through Legal & General, Openwork, PINK, First Complete, Intrinsic, Tenet, Brilliant Solutions, Sesame and TMA.
Steven Marks, Corporate Development Executive, NBS said:
“We believe that the refresh and update of our range will prove attractive to brokers and their clients.
“We hope this will allow us to continue the success we have enjoyed year to date. Our products have been consistently popular: service levels continue to be good; and we have had a very smooth transition into the post MMR world.”
