The Nottingham Building Society has launched three new residential products.

There is a further reduction in the two-year residential fixed rate at 90% LTV, an extended end date at 85% LTV and a new five-year fixed rate at 80% LTV.

All three deals come with a free valuation for both purchase and re-mortgages, whilst free legals apply to re-mortgages only.

There is a £199 upfront booking fee (non-refundable) and an £800 arrangement fee (added to the loan on completion, subject to the maximum LTV)

Rachel Kolebuk, mortgage product manager at The Nottingham, said: “We expect these new products will be attractive to second time purchasers as well as those looking to re-mortgage and move to a lower rate.

“We continually look to refresh our mortgages right across our product spectrum and these new products follow close on the heels of recent enhancements to our buy-to-let products only a week ago.

“All of these new products are available nationally across England and Wales through all sales channels, namely branch, direct and selected intermediaries.”