Nottingham Building Society has announced the launch of a new range of residential mortgage products.

A total of 12 new and enhanced residential mortgage products are being launched.

Key highlights of the residential mortgage product launch:

• Two and five-year residential products
• Sub 5%, five-tear product
• New 60% LTV, two-year product, with the option of holding a higher amount of equity in their homes – particularly useful for borrowers considering the Society’s new SOMP option (sale of mortgage property as a repayment vehicle) on an interest-only mortgage.

Alison Pallett (pictured), sales director at Nottingham Building Society, said: “We are excited to introduce these products, which not only offer competitive rates but also demonstrate our commitment to offering choice and meeting the evolving needs of our customers.

“Whether it’s for those considering remortgages or those exploring shared ownership mortgage products, we want to do all we can to empower people on their homeownership journeys.”