"We’re confident that these new products will help a range of people across the spectrum of borrowers – from first time buyers to landlords"
Nottingham Building Society has announced further updates to its mortgage products across both residential and buy-to-let mortgage ranges.
Amongst the latest offerings is a new first-time buyer product at 90% LTV, down by 14 basis points from The Nottingham’s previous product.
Two-year fixed rates now start from 6.55% at 90% LTV and 6.85% at 95% LTV, while five-year fixes are available at 5.93% and 6.19% respectively. All products come with a £499 fee.
The Nottingham has also introduced new buy-to-let products and cut fees by up to £1,500, with a new £999 fee option on a five-year fixed rate at 6.05% up to 75% LTV.
A two-year fixed rate at 75% LTV has lowered to 5.99% with a £2,499 fee and a five-year fix is available at 5.85% with a £1,999 fee.
The Society has also reduced rates on its limited company buy-to-let range alongside a reduction in fees. A two-year fixed rate starts at 6.35% and a five-year rate at 6.25%, both available up to 75% LTV with a 2% fee. Alternatively, a five-year fixed rate is available at 6.19% with a £4,999 fee.
Sales director, Alison Pallett, said: “We are always looking to update our products to reflect the needs of today’s home buyer. We’re confident that these new products will help a range of people across the spectrum of borrowers – from first time buyers to landlords – as they navigate a complex housing and economic landscape.”
