The Nottingham cuts five-year fixed rates

The Nottingham has announced rate reductions and added a new product to its five-year fixed rate mortgage range.

Related topics:  Mortgages
Rozi Jones
24th October 2019
Nottingham
"We are really pleased to have been able to reduce rates across the rest of our five-year fixed rate range."

The new product is available at 2.75% up to 95% LTV with no upfront or arrangement fees, a free basic valuation and free legal fees for remortgages.

Other five-year fixed rates in the range have been reduced by up to 0.25% and all include a free valuation and legal fees for remortgages.

Rates now start from 1.70% at 75% LTV with a £800 arrangement fee or 1.85% with no fees, while 80% LTV products are available from 1.85% with a £199 booking fee and £800 arrangement fee or 2.00% fee-free. At 90% LTV, rates start at 2.20% with £199 booking fee and £800 arrangement fee or 2.40% fee-free.

Nikki Warren-Dean, head of intermediary sales at The Nottingham for Intermediaries, said: “We know many people look to lock into mortgage or remortgage deals for a longer period than the traditional two or three years, so have launched a new range - including a 95% product with a rate of 2.75%.

“In addition to that we are really pleased to have been able to reduce rates across the rest of our five-year fixed rate range.”

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