The Nottingham has offered a 95% mortgage to first-time buyers for many years through its own network of branch-based advisers, but this is the first time it has been extended to brokers as a nationwide offer.
The two new products are a three-year fixed rate of 4.59% and a five-year fixed rate of 4.79% both with no upfront booking fee and no arrangement fee.
Jonathan Cartlidge, Senior Product Manager at The Nottingham, said:
“Having offered 95% LTV products for a number of years through our own branch network we wanted to ensure that those customers outside of our traditional operating area could access these deals. The buoyant intermediary market allows us to spread the reach of these products further and continue to support new borrowers getting onto the property ladder, which is one of our key aims as a building society.”
