Compare Nottingham mortgages

There are various different kinds of mortgages on offer at the Nottingham Building Society. Identifying which is likely to be a good match for your financial circumstances can make your decision easier.

First Time Buyer mortgages

First time buyers can borrow up to 75% of a property’s value with a mortgage from Nottingham Building Society. Some other providers will allow first time buyers to borrow as much 95%, although this is likely to result in higher interest rates so can end up being significantly more expensive long term.

Buy to Let mortgages

Whether you are just thinking about getting into the buy to let market, or are an experienced landlord looking to expand your portfolio, getting the right buy to let mortgage can make a big difference to the profitability of your investment. NBS will allow you to borrow up to 60% of a property’s value although the amount you can borrow may depend on your likely rental income.

Remortgaging with Nottingham Building Society

Switching your mortgage to Nottingham Building Society could allow you to get a better deal on your mortgage or increase your borrowing. This could result in lower monthly repayments or leave you with a spare lump sum for home improvements or other expenditures.

Second charge mortgages

If you want to borrow more but are happy with your existing mortgage, a second charge mortgage could be a good option. This allows you to take out a separate secured loan entirely independent from your existing mortgage. It can allow you to borrow up to 90% of your property’s value (including you mortgage and any other secured debt).

Loan to value ratio

Loan to value (LTV) ratio is a figure most mortgage lenders will quote when explaining how much you can borrow with each of their different types of mortgage. LTV means what percentage of a property’s market value you will theoretically be able to borrow.

So, if a particular mortgage allow you to borrow up to 70% LTV and you are looking to buy a £100,000 home, you would normally be eligible to borrow up to £70,000. As a general rule, the lower the LTV on a mortgage deal, the better interest rate you are likely to be offered.

Find the best deals on mortgage rates

When taking out a mortgage, even small differences in the interest rate you are offered can add up to a significant amount of money over the life of the loan. Our mortgage calculator can help you get the best possible deal on your mortgage, minimising the amount you will have to repay.

To try it out, head to the top of the page and enter some basic information about your borrowing requirements. The calculator will then show you appropriate mortgage products from across the market that match your requirements, allowing you to easily make a more informed choice.