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Nottingham BS refreshes BTL mortgage range

Nottingham Building Society has refreshed its buy-to-let mortgages offering with the introduction of half a dozen new fixed rate buy-to-let mortgages.

The mortgages, which come with a free basic property valuation and free legals, include a five-year fixed product at 4.09% up to 75% LTV with a £299 booking fee and £700 arrangement fee (previous the five-year fix was 4.14% with a £1,999 fee).

A two-year-fixed at 3.09% up to 65% LTV, with a £299 booking fee and £200 arrangement fee, is also available.

The Nottingham’s deputy treasurer Chris Gardner, said: “The run-up to the General Election saw the UK markets weighed down by uncertainty as opinion polls put the two main parties neck and neck.

“With the uncertainty now lifted we are taking the opportunity to refresh our buy-to-let products. The range of fixed rate buy-to-let mortgages now includes a new, lower loan-to-value range, whilst the rate and fee on the existing five-year fixed at 75% LTV have been reduced.”

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