The new deals, available now, include a two year fixed rate product with an LTV of up to 80%, at a rate of 3.99% (5.9% APR), with ‘fees free’ or ‘no early repayment charge’ (ERC) options.
The product allows customers to choose the ‘no fees’ option if they would like to make up-front savings or decide on the ‘no ERC’ option, which is ideal for borrowers who are unsure about future interest rate rises or feel their circumstances may change and therefore do not wish to be locked in to a product.
Additionally, another two year product is available at 4.19% (5.8% APR), fee free with free standard valuation (on properties up to £500k) and free legal fees for remortgages (on properties in England & Wales) or £300 Cashback for remortgages (on properties in Scotland and Northern Ireland) and all house purchases.
Meanwhile the new five year product is at a fixed rate of 4.99% (5.9%), available up to 80% loan-to-value for prospective buyers and remortgage customers alike.
Steven Marks, intermediary services manager for NBS, said: “Many borrowers want certainty with their mortgage payments, which is why fixed rate products are still proving popular.
“However, there are some borrowers that still would like some flexibility. Our new five year fixed rate can give customers a fixed rate at a competitive rate and the two years offer a good rate, with a little bit of extra freedom with the fees free and no ERC options.”
