Nottingham Building Society is launching a range of new mortgage products and enhancements.
These include a new three-year fixed residential products, and enhancements to rates and cashback incentives, introduced in response to broker feedback and designed to offer greater flexibility and affordability to borrowers amid ongoing market uncertainty.
In response to broker feedback, Nottingham Building Society is introducing three-year fixed residential products at 75% LTV (with £300 cashback) and 90% LTV.
The society is also reducing five-year fixed rates by up to 0.20%. It adds that the introduction of two new products at 75% and 85% Loan-to-Value (LTV) ratios, both without fees, opens doors for a wider range of buyers. Additionally, the 90% LTV product now includes £300 cashback.
Nottingham Building Society is lowering rates on buy-to-let five-year fixed products by 0.10% and has introduced a new low fee (£999) product in the Limited Company range.
Meanwhile, all five-year fixed products have had their end dates refreshed to 31 December.In addition, Nottingham Building Society is now offering cashback on selected residential products. Additionally, customers opting for remortgages can also benefit from optional free legal services.
Alison Pallett (pictured), sales director at Nottingham Building Society, said: “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.”
