Our products and rates
Discover the latest rates for our range of Residential and Buy-to-Let property finance products.
Refinance Offer
For a limited time, all products listed below are available for refinancing with:
£0 application fee and £0 bank legal fees.
Standard credit policy, pricing and FTV limits apply.
Proposition
| Proposition | Facility Size | Max FTV | 2-Year Fixed | 5-Year Fixed |
|---|---|---|---|---|
| Standard | £100,000 - £499,999 | 75% | 4.75% | 5.10% |
| HNW up to £750k | £500,000 - £749,999 | 75% | 4.60% | 4.85% |
| HNW up to £5m | £750,000 - £5,000,000 | 70% | 4.45% | 4.75% |
Proposition: Nomo Standard
Facility Size: £100,000 – £499,999 | Max FTV: 75%
| Fixed period | Max FTV | Product | APRC | Application Fee |
|---|---|---|---|---|
| 2-year fixed | 60% | 4.60% | 6.8% | BTL: 1% of facility Residential £1499 |
| 2-year fixed | 75% | 4.75% | 6.7% |
BTL: 1% of facility |
| 5-year fixed | 60% | 4.95% | 6.3% | BTL: 1% of facility Residential £1499 |
| 5-year fixed | 75% | 5.10% | 6.4% | BTL: 1% of facility Residential £1499 |
Proposition: Nomo High Net Worth – up to £750k
Facility Size: £500,000 – £750,000 | Max FTV: 75%
| Fixed period | Max FTV | Product | APRC | Application Fee |
|---|---|---|---|---|
| 2-year fixed | 60% | 4.45% | 6.7% | BTL: 1% of facility Residential £1499 |
| 2-year fixed | 75% | 4.60% | 6.7% | BTL: 1% of facility Residential £1499 |
| 5-year fixed | 60% | 4.70% | 6.8% | BTL: 1% of facility Residential £1499 |
| 5-year fixed | 75% | 4.85% | 6.9% | BTL: 1% of facility Residential £1499 |
Proposition: Nomo High Net Worth – above £750k
Facility Size: £750,001 – £5,000,000 | Max FTV: 70%
| Fixed period | Max FTV | Product | APRC | Application Fee |
|---|---|---|---|---|
| 2-year fixed | 60% | 4.35% | 6.6% | £2,000 |
| 2-year fixed | 70% | 4.45% | 6.6% | £2,000 |
| 5-year fixed | 60% | 4.60% | 6.0% | £2,000 |
| 5-year fixed | 70% | 4.70% | 6.1% | £2,000 |
Portfolio Landlords
| Fixed period | Max FTV | Product | APRC | Application Fee |
|---|---|---|---|---|
| 2-year fixed | 60% | 4.99% | 6.8% | BTL: 1% of facility |
| 5-year fixed | 60% | 5.20% | 6.9% | BTL: 1% of facility |
| 2-year fixed | 75% | 5.30% | 7.0% | BTL: 1% of facility |
| 5-year fixed | 75% | 5.40% | 7.0% | BTL: 1% of facility |
Internal Renewals
| Fixed period | Max FTV | Rate | Application Fee |
|---|---|---|---|
| 2-year fixed | 75% | 4.45% | Fee Free |
| 5-year fixed | 75% | 4.70% | Fee Free |
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)
Related documents
Tariff of Charges PDF, 2.3MB
Why brokers work with Nomo
Competitive pricing
Supporting long-term property investment
Specialist support
Pre-submission reviews available.
International appeal
Strong GCC investor demand.
Disclaimer
For further details and case submissions please contact your Nomo BDM
Internal use and intermediary use only. T&Cs 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. Properties in England and Wales only. Nomo by Bank of London and The Middle East plc (“BLME”) is a trading name of BLME. BLME is registered in England and Wales (no. 05897786), authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. BLME’s Financial Services Register number is 464292 and registered office is at 20 Churchill Place, Canary Wharf, London E14 5HJ