The Nottingham: Product changes on 3rd February 2017
Dear Intermediary Partner
Here is the latest Intermediary news from The Nottingham.
We are extending the end dates on four of our residential products and adding fees to our buy-to-let products. These changes will take effect from 9am on Friday 3rd February 2017.
Product changes
Fee’s added:
Buy-to-let like-for-like remortgage only:
75% LTV
2 year fixed until 01/05/2019; 2.64% pay rate; £299 booking fee; £700 arrangement fee
2 year discount; 2.74% pay rate; 3.55% discount off BTL VMR for two years; £299 booking fee; £700 arrangement fee
Buy-to-let purchase and remortgage (including capital raising):
75% LTV
5 year fixed until 01/04/2022; 3.09% pay rate; £299 booking fee; £700 arrangement fee
End date extensions:
Residential purchase and remortgage (including capital raising):
75% LTV
2 year fixed until 01/06/2019; 1.75% pay rate; £199 booking fee; no arrangement fee
80% LTV
2 year fixed until 01/06/2019; 1.85% pay rate; no booking fee; no arrangement fee
85% LTV
2 year fixed until 01/06/2019; 2.05% pay rate; £199 booking fee; no arrangement fee
90% LTV
2 year fixed until 01/05/2019; 1.99% pay rate; £199 booking fee; £800 arrangement fee
Product withdrawals
We are withdrawing the following products at 8am on Friday 3rd February 2017:
MBF17U, MBF17V, MBD10S, MF0459, MF0456, MF0463, MF0458 and MF0453.
The rest of our product range remains unchanged.
You will not be able to obtain a new KFI or AIP on the withdrawn products after 8am on Friday 3rd February 2017. For online pipeline cases, an AIP successful or AIP refer will need to be converted to a FMA by 5pm on Friday 3rd February 2017.
Using a Satnav?
Please use postcode: B93 0NN to locate the office when visiting.
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