Nottingham BS launches new mortgage products and cuts rates

Rates have reduced across residential and buy-to-let products.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
18th September 2023
Nottingham
"These innovations have been developed based on ongoing feedback and conversations with brokers, as we highly value brokers' insights and expertise."

Nottingham Building Society has launched a new range of new mortgage products, including new three-year fixed residential products, and enhanced its rates and cashback incentives.

The new three-year fixed residential products are available at 75% LTV and 90% LTV with £300 cashback and are available for purchase or remortage.

In addition, five-year fixed rates have reduced by up to 0.20%, while new products have launched at 75% and 85% LTV fee-free. Additionally, 90% LTV product now includes £300 cashback.

Buy-to-let five-year fixed rates have also reduced by 0.10% and a new £999 fee product is now available in the limited company range.

As part of the changes, all five-year fixed products have had their end dates moved to December 31st and the Society is now offering cashback on selected residential products. Additionally, remortgage customers can also benefit from optional free legal services.

Alison Pallett, sales director at Nottingham Building Society, commented: "We are excited to introduce these new mortgage products and enhancements, which have been carefully crafted to address the evolving needs of our customers and the ongoing uncertainties in the mortgage market. These innovations have been developed based on ongoing feedback and conversations with brokers, as we highly value brokers' insights and expertise. With competitive rates, cashback options, and a commitment to flexibility, we are dedicated to helping individuals and families achieve their homeownership goals.”

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