It unveils new products and reduces residential rates
Nottingham Building Society has announced a series of updates to its mortgage products, with new products, rate reductions, and enhancements made in response to intermediary feedback.
The mutual has slashed rates on its two-, three-, and five-year fixes by as much as 54 basis points (bps). Ten new products across different loan-to-values (LTVs) are now available, providing more options to prospective buyers.
The variable discounted rate range has also been expanded to include 75% and 90% LTV tiers for residential borrowers. Furthermore, rates on the 80% discounted products have been reduced by up to 15bps.
Rates of retirement interest-only (RIO) fixes have also been made more competitive, with reductions of up to 11bps.
“We’re proud to introduce a new range of products to assist individuals in realising their dream of homeownership, catering to both those looking to move and those seeking to remortgage,” said Alison Pallett (pictured), sales director at Nottingham Building Society. “We have been working hard to deliver enhancements to our criteria alongside our incredibly strong stance on affordability.”
Read more: Guide to Nottingham for intermediaries
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