The Nottingham Building Society (The Nottingham) has today 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 4.09% product up to 75% LTV with a £299 booking fee and £700 arrangement fee (was 4.14% with a £1,999 fee).
A two-year-fixed 3.09% mortgage up to 65% LTV, with just 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.
“These will help borrowers who require budgeting certainty, as whilst the Government have pledged to fix the term of each parliament to five years, the Bank of England cannot offer the same commitment for bank rate!
“Whilst bank rate has remained unchanged at 0.5% for six years, the markets are currently pricing the first rise early next year.”
*All of the mortgages are available for purchases and remortgages. Customers can also benefit from a free basic property valuation (purchases and remortgages) and free legals (remortgages).
For further information please contact: Chris Kershaw, Senior Communications Assistant (PR) on 0115 956 4347 or firstname.lastname@example.org
Note to editors: The Nottingham Building Society (The Nottingham) operates in 55 locations across nine counties. Established in 1849, it is the ninth largest Building Society in the UK with assets of over £3bn.
The Nottingham is an award-winning regional building society and estate agency operating across the UK with branches throughout Nottinghamshire, Derbyshire, South Yorkshire, Leicestershire as well as Lincolnshire and following the acquisition in January 2013 of estate agents Harrison Murray it now also operates in Northamptonshire, Cambridgeshire, Bedfordshire and Hertfordshire. The Nottingham offers a broad range of building society services such as mortgages and savings as well as independent financial planning, Whole of Market mortgage advice and local estate agency services.
The Nottingham Building Society Improves its Buy-to-Let Offers – http://t.co/Qrp23Ls8Kj
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