The Nottingham has announced rate reductions of up to 70bps across its residential range.
Its two-year fixed 80% LTV product with £1,499 (£199 upfront) fees has been reduced from 2.00% to 1.30%.
The building society has also cut the rates of two and five-year fixed products – all available for purchase or remortgage – at 85% and 95% LTV.
New rates are as follows:
- Two-year fixed, 85% LTV with no fees, 1.80% (from 2.45%)
- Two-year fixed, 90% LTV with no fees, 2.00% (was 2.55%)
- Two-year fixed, 90% LTV with £999 fees (£199 upfront), 1.80% (from 2.15%)
- Five-year fixed, 80% LTV with £800 fees (£0 upfront), 1.80% (was 2.20%)
- Five-year fixed, 80% LTV with no fees, 2.00% (from 2.45%)
- Five-year fixed, 85% LTV with no fees, 2.20% (was 2.65%)
- Five-year fixed, 90% LTV with £999 fees (£199 upfront) 2.20% (from 2.65%)
- Five-year fixed, 90% LTV with no fees, 2.55% (was 2.85%)
Nikki Warren-Dean, head of intermediary sales at Tthe Nottingham, said: “These reductions get the new year off to a positive start and are a proactive indicator of our unstinting dedication to helping people onto, and along, the property ladder.
“We have a firm commitment to continually reinventing our offering so we provide good choice and value, based not just on being competitively priced but also our ethos of listening to feedback from brokers as to what their clients are looking for.”
