Nottingham BS returns to self build funding
The Nottingham Building Society has launched two new mortgage products for self-builds, conversions and renovation projects.
The two-year fixed rate mortgage will be available at an interest rate of 4.49% with a £1,499 fee, and the 2-year discount is available at 3.99% variable (1.75% less than variable mortgage rate), also with a £1,499 fee. Both products are available at 80% loan-to-value (LTV).
Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “Bringing back self-build mortgages is the latest stage of our phased product range return, having recently reintroduced 80% LTV residential and 75% buy-to-let mortgages.”
