The Nottingham has announced rate reductions to its no-fee five-year fixed 95% LTV mortgage product.

It is now priced at 2.95%, down from 3.20%.

In addition, the lender has also cut rates on its two-year fixed 75% LTV limited company buy-to-let offerings.

The building society’s £999 fee version has been lowered to 2.90% (was 3.00%) and their fee-free product is now 3.15% (from 3.40%).

Nikki Warren-Dean (pictured), the Nottingham’s head of intermediary sales, said: “As part of our ongoing reinvention of our mortgage products we continue to keep a keen eye on the marketplace so we can offer choice via a range of competitive products.

“These rate reductions show we are committed, as a mutual building society, to helping put roofs over heads – be that first-time buyers or people with smaller deposits, or those whose situations mean renting is the right option for them.”