Buy to Let

Nottingham cuts rates on buy-to-let mortgages

Seamus Hasson
Written By:
Seamus Hasson

The Nottingham Building Society has reduced rates on its buy-to-let range on products up to 75% loan-to-value (LTV).

The East Midlands-based lender is now offering a two-year buy-to-let variable rate of 2.99% and a three-year buy-to-let variable rate of 3.59%. Both products are also available for remortgaging and have a £499 fee.

Chris Parker, head of intermediary sales at The Nottingham, said: “These mortgages are a great proposition for customers, whether looking to add to a property portfolio, venture into the world of buy-to-let for the first time or to remortgage an existing property.”

Last month Barclays announced it was cutting rates by extending its Great Escape packages to the buy-to-let market.