The Nottingham has made reductions across its 75% loan-to-value (LTV) buy-to-let range.
It has moved to cut BTL mortgage prices having recently reduced rates by up to 0.21% on its 2- and 5-year fixed residential products.
The result is a new-look range that could appeal to first-time landlords, those aiming to increase their portfolio or landlords looking to remortgage. All products include a free basic valuation and free standard legal fees for remortgages.
The Nottingham’s 75% LTV BTL product changes in full:
- 2-year fixed with £999 fees (£299 upfront), now 1.55% (was 1.79%)
- 5-year fixed with £1,999 fees (£299 upfront), 1.78% (from 1.91%)
- 5-year fixed with £99 upfront fee (reduced from £299), now 2.00% (was 2.19%)
- 2-year discount with £99 fee (£0 upfront), 1.65% (from 1.92%) representing a 4.89% discount on the variable mortgage rate of 6.54%
The Nottingham’s head of intermediary sales, Nikki Warren-Dean (pictured), said: “After recently revamping our residential range we decided to take a close look at our landlord offering.
“We recognise that one size doesn’t always fit all when it comes to the right mortgage option, so are pleased to be able to announce a group of reduced rate products that we are confident offer choice and flexibility.”
For information about The Nottingham’s full product range click here.
