Products

Our products and rates

Discover the latest rates for our range of Residential and Buy-to-Let property finance products.

Residential

Fixed period length	Finance to value	Fixed period profit rate	Follow-on rate	Application fee including valuation	Overall cost for comparison (APRC)	Minimum finance amount	Maximum finance amount
2 years	Up to 60% (inclusive)	5.95%	7.79%	£1,499	7.7%	£100,000	£2.5M
2 years	Up to 75% (inclusive)	6.05%			7.8%
5 years	Up to 60% (inclusive)	5.49%			7.0%
5 years	Up to 75% (inclusive)	5.59%			7.0%

Buy-to-Let

Fixed period length	Finance to value	Fixed period profit rate	Follow-on rate	Application fee including valuation	Minimum finance amount	Maximum finance amount
2 years	Up to 60% (inclusive)	5.95%	7.79%	1%	£100,000	£2.5M
2 years	Up to 75% (inclusive)	6.05%
5 years	Up to 60% (inclusive)	5.49%
5 years	Up to 75% (inclusive)	5.59%

Re-Finance for Residential and Buy-to-Let

Fixed period length	Finance to value	Fixed period profit rate	Follow On rate	Application fee including valuation	Minimum finance amount	Maximum finance amount
2 years	Up to 60% (inclusive)	5.95%	7.79%	£0	£100,000	£2.5M
2 years	Up to 75% (inclusive)	6.05%	7.79%	£0	£100,000	£2.5M
5 years	Up to 60% (inclusive)	5.49%	7.79%	£0	£100,000	£2.5M
5 years	Up to 75% (inclusive)	5.59%	7.79%	£0	£100,000	£2.5M

Special Purpose Vehicles (SPV)

Nomo considers Buy-to-Let purchase and refinance within an SPV. These cases can now be keyed directly onto our Broker Portal.

Please note: Nomo will only accept UK-registered SPVs with any of the following Standard Industrial Classification (SIC) codes:

Standard Industrial Criteria
68100	Buying and selling of own real estate
68201	Letting and operating of own or leased real estate
68209	Other letting and operating of own or leased real estate
68320	Management of real estate on a fee or contract bases

Nomo will not accept trading businesses, offshore SPVs, charities, clubs, or investors.
The SPVs must have a UK bank account matching the SPV name, which will be provided as part of the application.
Both purchase and refinance are considered.
A maximum of 2 shareholders are permitted in the SPV, and both shareholders must be part of the application.
If there is more than one layer within the SPV, a structure/org chart should be provided.
All shareholders must be clearly identifiable and assessable and will need to have a Nomo current account.
Nomo will accept a maximum of 3 properties within the SPV
Terms and conditions apply. Nomo accounts are not currently available to UK residents

Your property may be at risk if you do not keep up the payments on your Nomo Property Finance

Additional information

Account settlement fee

A fee of £240 will apply when the finance amount has been repaid in full.

Application fee

The application fee includes the cost of an initial valuation of the property. It is payable upon acceptance of the offer. In addition, your client is responsible for the bank’s legal representation costs of £1,000.

Early repayment

Your client will need to pay the outstanding finance amount and bank profit amount if they choose to pay the full amount in advance within the fixed rate period. For example, on a 5-year fixed rate, if the finance is fully repaid on:

Month 12, your client will be liable to repay all profit for the remaining 48 months;
Month 24, your client will be liable to repay all profit for the remaining 36 months;
Month 36, your client will be liable to repay all profit for the remaining 24 months;
Month 48, your client will be liable to repay all profit for the remaining 12 months;
Month 60, there is no liability to repay any more profit.

Finance-to-value

Finance-to-value, or FTV, is the percentage ratio of the finance amount against the value of the property.

Murabaha trade

Nomo adheres to the principles of Islamic banking and uses Commodity Murabaha to facilitate property finance.

Commodity Murabaha involves Nomo facilitating a sale of metal commodities to your client for an amount equal to the finance amount and bank profit rate. This amount will be repaid on a deferred basis over the chosen repayment period. Nomo will take care of the Murabaha trade on behalf of your client.

Repayment period

Residential minimum term: 5 years

Residential maximum term: 30 years (subject to retirement or client's 75th birthday whichever is sooner)

Buy-to-let minimum term: 5 years

Buy-to-let maximum term: 25 years (up to client's 80th birthday)