Nottingham introduces cashback mortgages

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Nottingham introduces cashback mortgages

The Nottingham for Intermediaries is introducing a range of cashback mortgages.

The products include a two-year fix at 2.66 per cent at 90 per cent loan-to-value with £1,000 cashback. Deals with £500 cashback include a two-year fix at 3.18 per cent at 95 per cent loan-to-value, and a two-year fix at 2.25 per cent at 85 per cent loan-to-value.

The Nottingham for Intermediaries head of intermediary sales Nikki Warren-Dean says: “We have listened to feedback from our network of brokers and introduced a range of cashback mortgages.

“Buying a property can be an expensive exercise, so for some people these products are a big help. Cashback mortgages aren’t just suitable for first-time buyers, however they are popular with many of them due to the associated costs of purchasing a home.

“The Nottingham has had an ethos of helping people put a roof over their heads ever since we were founded exactly 170 years ago, so we are delighted this offering will provide another leg-up onto, or along, the property ladder for many.”