The Nottingham cuts rates and unveils 90% LTV two-year fix

Published on

The Nottingham has launched a two-year fixed 90% LTV product and made additional residential rate cuts.

The new fee-free 90% LTV offering, which is available for purchase or remortgage, has been introduced at a rate of 2.75%.

The building society has also announced further cuts of up to 65bps. The biggest reduction comes on another two-year fixed offering – its fee-free 85% LTV product, which is now priced at 2.25% (was 2.90%).

For those looking for a longer fixed option, the Nottingham’s fee-free five-year 85% LTV mortgage has been reduced to 2.55% from 3.10%.

At 75% LTV, the mutual’s two-year fixed fee-free product is now 1.70% (was 1.80%) and two-year fixed with £999 fees (£199 upfront) is down 5bps to 1.60%.

the building society has withdrawn its three and 10-year fixed rate products citing a lack of demand.

Nikki Warren-Dean, the Nottingham’s head of intermediary sales, said: “It’s important that as we continue to reinvent our mortgage offering that we do so with broker views underpinning the positive steps we take.

“Recent feedback around what people are asking brokers for has definitely played a key role in bringing this latest group of products to life and it is a further example of how we pride ourselves on being #BuiltAroundBrokers.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Leeds lending falls amid technology investment

Leeds Building Society completed £2bn of gross mortgage lending during the first half of...

Foundation revives buy-to-let products and cuts holiday let rates

Foundation Home Loans has refreshed its buy-to-let mortgage range, bringing back several products, adding...

UK residential property transactions edge higher in June

UK residential property transactions rose modestly in June, suggesting that underlying market activity is...

Buyers turn to 1.5 million homes rejected by mainstream lenders

About 1.5 million homes across Britain may fall outside mainstream mortgage criteria, according to...

Consumer Duty has changed culture but firms still face gaps

Consumer Duty has prompted a cultural shift across financial services, but standards continue to...

Latest publication

Other news

Leeds lending falls amid technology investment

Leeds Building Society completed £2bn of gross mortgage lending during the first half of...

Foundation revives buy-to-let products and cuts holiday let rates

Foundation Home Loans has refreshed its buy-to-let mortgage range, bringing back several products, adding...

UK residential property transactions edge higher in June

UK residential property transactions rose modestly in June, suggesting that underlying market activity is...