The Nottingham adds two new RIO products
Nottingham Building Society has added two new products to its retirement interest only (RIO) range.
It has unveiled two new offerings – a five year fixed (3.55%) and two year fixed (3.20%), both with a £995 fee – and removed the fee from the existing two year discount (2.99%) product.
Its other RIO products, announced earlier this year, are a seven year fixed (3.85%) and three year fixed (3.34%), both with a £995 fee. All come with a free valuation and 40% LTV limit.
Nikki Warren-Dean, Head of Intermediary Sales for The Nottingham for Intermediaries, said:
“We have extended our range of RIO mortgages to give further choice for people in, or heading towards, retirement.
“The Nottingham is celebrating 170 years since it was founded by Quaker and philanthropist Samuel Fox, who strongly believed everyone should be helped in putting a roof over their heads. That ethos remains to this day.
“The introduction of our latest RIO products further highlights our desire to be there for our customer’s mortgage needs whether it’s their first or last house.”
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