Nottingham Building Society relaunches self-build mortgages
The Nottingham has announced it will reintroduce lending on self-build mortgages.
The mutual’s two new self-build products will be launched on Monday and are available up to 80% loan-to-value on self-builds, conversions and renovation projects.
The mortgages are a two-year fixed rate at 4.49% with a fee of £1,499, and a two-year discounted mortgage at 3.99%, also with a fee of £1,499.
Nikki Warren-Dean, spokesperson at The Nottingham, said: “Bringing back self-build mortgages is the latest stage of our phased product range return, having recently reintroduced 80% LTV residential and 75% buy-to-let mortgages.
“Following the resumption of physical valuations we are also pleased to have added lending on renovations, in response to feedback from mortgage advisers and their clients.”