The Nottingham Building Society has relaunch 90% loan to value (LTV) mortgages.
The news comes two weeks after the mutual returned to 85% LTV lending.
A 3.70% no-fee product fixed for five years is available, as well as a 3.45% offering that is fixed for the same period (£999 arrangement fee).
The Nottingham has also introduced new products for those with bigger deposits, equity in their existing property or looking to stay where they are and benefit from a more affordable option by remortgaging.
At 80% LTV there are no-fee products at 2.30% and 2.60% for two and three years fixed respectively, and a 2.00% two-year fixed mortgage (£199 booking fee and £800 arrangement fee). For those with a 15% deposit, there is a 2.90% no-fee three-year fixed product available.
Where the preference is no Early Repayment Charges, a two-year discount mortgage is available at 2.20% (3.54% off the Society’s Variable Mortgage Rate) with a £199 booking fee.
Nikki Warren-Dean (pictured), head of intermediary sales at the Nottingham, said: “We’ve been working very hard behind the scenes to be able to bring back 90% LTV mortgages.
“Buying property is never easy, and that has undoubtedly become more challenging due to the Covid-19 pandemic. We were always looking to return to this space and to help people with smaller deposits, however it was important to do so in a measured and responsible way.”
“We are delighted to be able to unveil products that could help make house moves or remortgages that in 2020 may have looked impossible, possible.”
