Nottingham Building Society mortgage products are offered at 95% LTV.
According to the Nottingham Building Society, mortgage products for 90 and 95 per cent LTV are not purely the result of NewBuy MIG scheme launch.
Since the middle of 2008 Nottingham BS have offered high loan to value mortgages to home buyers in the Nottinghamshire region. They have been working with builders across the county in towns such as Ilkeston and Mansfield, to provide mortgage products that require just five per cent deposit for new build homes.
The Building Society is said to agree that government initiatives like NewBuy can help stimulate the housing market. However it advises that building societies were already increasing the number of 95 per cent mortgages for first-time buyers before the scheme was launched.
There has been a relaunch of some Nottingham Building Society Mortgage products that are semi-exclusive and only made available to its corporate partners and limited member firms.
These include a range of fixed rate and variable residential mortgages with a maximum of 85 per cent loan-to-value and buy-to-let products including fixed rate and trackers for a maximum loan to value of 75 per cent.
If you are considering a Nottingham Building Society Mortgage contact Deal Direct so that we can find the product that best suits your circumstances. There are a wide range of products in the market place so give us a call and see what is on offer.
