The Nottingham has cut the rate of its 75% LTV two-year fixed Limited Company buy-to-let product to 2.58% (was 2.71%).
Landlords of up to 15 properties who decide the mortgage is right for them will receive a free basic valuation and option to make extra payments of up to 10% each year. There’s nothing to pay upfront – an arrangement fee (£999) is added to the loan.
The Nottingham’s Head of Mortgage Product, Christie Cook, said: “We review our entire range on an ongoing basis and are delighted to be announcing a rate reduction to what is an already popular Limited Company buy-to-let product. Alongside the recent unveiling of our new 95% LTV residential products, including a cashback mortgage, this is further evidence of our dedication to helping everyone fulfil their property aims, whether first-time buyers or portfolio landlords.”
Meanwhile, on the residential lending front, The Nottingham has also introduced a fee and ERC-free 90% LTV two-year discount product at 2.58% (3.16% discount on the Variable Mortgage Rate).
And it has reduced the price of its fee-free 95% LTV five-year fixed mortgage to 2.93% (was 2.95%). All the lender’s residential mortgages are available for mortgages and remortgages.
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