Set at 4.79 per cent, it is available through branches and via intermediary channels, and the maximum loan to value is 95 per cent.
As well as offering a free valuation (on properties worth less than £500,000), allowing the arrangement fee to be deducted from the loan on completion, and allowing overpayments of up to 10 per cent each year, anyone remortgaging on to the product can also take advantage of The Nottingham’s free legal fee service.
Chris Parker, business development controller at Nottingham Building Society, said: “This is a good deal for anyone looking to fix for the long-term. We are expecting this attractively priced product, which is portable, to prove very popular.“
Early repayment charges are equal to six month’s interest at the fixed rate if the loan is repaid or rearranged during the fixed rate period.
