The Nottingham for Intermediaries has launched cashback mortgages.

It has introduced a new range of products – a 2.66% at 90% LTV with £1,000 cashback and 3.18% at 95% LTV and 2.25% at 85% LTV, both with £500 cashback.

Nikki Warren-Dean, head of intermediary sales at the Nottingham for Intermediaries, said: “We have listened to feedback from our network of brokers and introduced a range of cashback mortgages.

“Buying a property can be an expensive exercise, so for some people these products are a big help. Cashback mortgages aren’t just suitable for first-time buyers, however they are popular with many of them due to the associated costs of purchasing a home.

“The Nottingham has had an ethos of helping people put a roof over their heads ever since we were founded exactly 170 years ago, so we are delighted this offering will provide another leg-up onto, or along, the property ladder for many.”