Following a review, the Nottingham Building Society has returned to the 85% LTV space.
Two new five-year fixed 85% products have been launched – a remortgage-only at 2.95% with no upfront fees and a purchase and remortgage product at 3.10% with no upfront fees.
Nikki Warren-Dean (pictured), the Nottingham’s head of intermediary sales, said: “It’s great that we have returned to 85% LTV – brokers can now benefit from this new LTV twinned with our service levels.
“We are hoping this move contributes to a more positive year for those looking to get themselves onto the property ladder, to move along it or stay where they are but in a more affordable way.
“What has been important has been to get to the place where we are today in a phased and measured way. There can be no doubting last year was extremely challenging for everyone, but hopefully we can play our part in 2021 being a lot more positive in the mortgage space.”
