The Nottingham launches 5-year fixes for foreign nationals buying a home

Nottingham Building Society has launched a number of five-year fixed mortgage products for foreign nationals buying property in the UK.

Related topics:  nottingham building society
Amy Loddington | Online Editor, Barcadia Media Limited
16th May 2024

The new range of five-year products mirrors those already available to returning ex-pats, with features including LTV rates between 75% - 90%, with the lowest rate starting at 5.29%.

Rates are fixed until the end of July 2029. The products include free legal fees for remortgage and overpayments of up to 10% allowed per year.

Alison Pallett, Sales Director at Nottingham Building Society said:

“We are delighted to meet the evolving needs of brokers and customers, and to support a segment of the market that has previously found it difficult to obtain a mortgage.

“This expansion underscores our commitment to providing innovative solutions that align with homeowners of all kinds, be it returning ex-pats, skilled workers from aboard or those born in the UK. As always, we’ve carefully considered broker feedback when launching new products and recognise the needs of our diverse membership."

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