Dear Corporate Partners and Premier Club members
Here is the latest Intermediary news from The Nottingham.
Product launches
We are pleased to confirm that we are launching one buy-to-let and two residential products and removing the valuation fee on our current two year buy-to-let product with effect from 9am on Tuesday 16th August 2016.
Our new 75% LTV residential product is fixed at 1.49% for two years, which is our lowest ever fixed rate.
Residential Purchase and Remortgage:
75% LTV
- 2 year fixed until 01/11/2018; 1.49% pay rate; £199 booking fee, £800 arrangement fee, free basic property valuation
80% LTV
- 2 year fixed until 01/11/2018; 1.65% pay rate; £199 booking fee, £800 arrangement fee, free basic property valuation
Maximum £750,000 per application available up to an LTV of 80%.
Maximum £500,000 per application for any borrowing over 80% LTV
Interest only allowable up to a maximum of 80% LTV.
Buy-to-let Purchase and Remortgage:
75% LTV
- 2 year fixed until 01/11/2018; 2.54% pay rate; £299 booking fee, £700 arrangement fee, free basic property valuation
- 2 year fixed until 01/11/2018; 2.89% pay rate; £299 booking fee, no arrangement fee, free basic property valuation
Maximum loan £350,000 per property
Product withdrawals
We are withdrawing the following product at 8am on Tuesday 16th August 2016:
- MBF16X.
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You will not be able to obtain a new KFI or AIP on the withdrawn products after 8am on Tuesday 16th August 2016. For online pipeline cases, an AIP successful or AIP refer will need to be converted to a FMA by 5pm on Friday 19th August 2016.
Check out the complete range at thenottingham-intermediaries.com from 9am on Tuesday 16th August 2016.
When sourcing on either Trigold or Mortgage Brain, The Nottingham’s Corporate Partner and Premier Club exclusive products will show as “Nottingham CP/PC”
Yours sincerely
Nikki Warren
Head of Intermediary Sales