Nottingham Building Society

Nottingham Building Society
ABOUT Nottingham Building Society
Nottingham Building Society was founded in 1849 and believes in putting its customers first.
Today the Nottingham has grown to become a top 20 building society with a network of branches throughout Nottinghamshire, Derbyshire, Lincolnshire and South Yorkshire. The society now has over £1.5 billion worth of assets.
The Nottingham is a mutual organisation.
This means it does not have any shareholders and does not have to pay dividends. Instead it can pass on profits directly to members by way of more competitive rates.
The Nottingham Building Society offers mortgages to people in England and Wales. They have the following types of mortgages:
- Standard Variable Rate
- Discounted Variable Rate
- Fixed Rate
- Discounted Flexible Variable Rate
- Tracker Variable Rate
| Nottingham Building Society Mortgage Products |
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Standard Variable Rate: your mortgage rate is set at the Society’s standard variable rate for the mortgage term.
Discounted Variable Rate: there are three discounted variable rate options, set for 3 and 5 years. Your mortgage rate is set at a discount for an agreed period depending upon which product you choose. After this period the rate reverts to the Society’s standard variable rate.
An arrangement fee may apply. If you repay the mortgage in the discount period you will have to pay an early repayment charge.
Fixed Rate: there are three fixed rate options, set for 3 and 5 years. Your mortgage rate is set at a fixed rate for an agreed period depending upon which product you choose. This means that regardless of interest rate rises or cuts your rate will remain the same. After this period the rate reverts to the Society’s standard variable rate.
An arrangement fee may apply. If you repay the mortgage in the fixed rate period you will have to pay an early repayment charge. |
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Discounted Flexible Variable Rate: your rate is set at a discount for the first 3 years. It then changes to the Society’s flexible variable rate for the rest of the mortgage term.
An arrangement fee is applicable. If you repay (in full) the mortgage in the discount rate period you will have to pay an early repayment charge.
Tracker Variable Rate: these types of mortgages are set over 3 and 5 years. Your rate is set according to the tracker variable rate and according to how much you borrow. After the tracker variable rate period has finished your rate will revert to the society’s standard variable rate.
An arrangement fee is applicable. If you repay the mortgage in the tracker variable rate period you will have to pay an early repayment charge.
If you are interested in a mortgage quotation including those offered by The Nottingham Building Society please complete our quick enquiry form. |
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