Nottingham BS cuts residential rates and boosts product enhancements

The Society is reducing its two, three and five-year fixed rates by up to 0.54%.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
25th January 2024
Nottingham
"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."
- Alison Pallett, sales director at Nottingham BS

Nottingham Building Society has announced a series of enhancements to its mortgage range, including rate reductions and product enhancements with more fee and LTV options.

The Society is reducing its two, three and five-year fixed rates by up to 0.54%. It is also introducing ten new products across various LTV ratios, coupled with varying fees.

The variable discounted rate range has been enhanced with the introduction of 75% and 90% LTV tiers, providing more options for borrowers in the residential market. Rates on the 80% discounted products have also been reduced by up to 0.15%, enhancing affordability.

In addition, retirement interest-only product rates have been made more competitive, with reductions of up to 0.11%.

Alison Pallett, sales director at Nottingham Building Society, commented: “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. We have been working hard to deliver enhancements to our criteria alongside our incredibly strong stance on affordability.”

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