Nottingham BS launches five-year fixes for foreign nationals – Mortgage Finance Gazette

Nottingham Building Society has launched five-year fastened mortgage merchandise to assist foreign nationals trying to purchase a house within the UK.

The new vary of five-year merchandise mirrors these already accessible to returning ex-pats.

Loan-to-value (LTV) charges will probably be between 75% and 90% and charges will begin at 5.29%.

The merchandise can even have fastened charges till the top of July 2029 and include free authorized charges for remortgages.

In addition, overpayments of as much as 10% are are allowed per yr.

The lender says the growth of merchandise for foreign nationals is a response to suggestions since its current launch

Nottingham Building Society gross sales director Alison Pallett says: “We are delighted to fulfill the evolving wants of brokers and prospects, and to assist a phase of the market that has beforehand discovered it troublesome to acquire a mortgage.”