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The Nottingham relaunches 90% LTV mortgages for borrowers

The Nottingham has announced the relaunch of 90% loan-to-value (LTV) mortgages for potential borrowers.

In what is described as more good news for those with smaller deposits, the building society has unveiled its latest products after recently returning to the 85% LTV space.

The option to borrow with a 10% deposit is a boost to those who have been held back in fulfilling their property dreams due to the Covid-19 pandemic.


A 3.70% no-free 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 those 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% 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.

Additionally, for those who prefer no early repayment charges, a two-year discount mortgage is available at 2.20% (2.54% off the society’s variable mortgage rate), with a £199 booking fee.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, says: “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.”

She concludes: “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.”


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