The Nottingham unveils five-year fixed remortgage product
The Nottingham has expanded distribution of a five-year fixed remortgage product at 2.25% to 80% loan-to-value.
There are no booking or arrangement fees and it comes with a free valuation and standard remortgage legal fees paid.
Nikki Warren-Dean, head of intermediary sales at The Nottingham Building Society, said: “Brokers are receiving many enquiries about remortgages, especially with so much uncertainty around. That is leading to many people seeing remortgaging as a sensible and stable option for them in the current climate.
“We are following our recent return to 90% LTVs for those with smaller deposits with a mortgage that could be an option for those looking to stay where they are but on a more affordable deal for them over the next five years.
“Our ongoing aim is to have products to suit all circumstances, but with a high number of people looking to remortgage and wait and see what the housing market does over the coming years we have reacted by introducing this product.”