The Nottingham cuts rates by up to 40bps

Jake Carter

July 5, 2021

mortgages rates

The Nottingham has reduced rates within its residential mortgage range up by to 40bps.

The largest reduction is on its fee-free 90% loan-to-value (LTV) 5-year fixed product, which is now 3.20% from 3.60%.

Another 90% LTV 5-year fix, with £199 upfront fees (£999 in total), has been repriced at 3.00% (from 3.30%).

At the 95% LTV tier, the lender’s fee-free 5-year fixed option is now 3.70% (from 3.85%).

As well as this, the building society’s large loan offering, with a minimum loan size of £350,000, has been reduced to 1.65% from 1.85% and has a £999 fee (£199 upfront).

All are available for purchase and remortgage.

The Nottingham has also introduced a 5-year fixed remortgage-only product, priced at 2.20% with no fees.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “It’s been an extremely busy time for all of our teams involved across the mortgage mix but a really positive one as we continue to develop an evolving range of products.

“These latest rate reductions put us in a very competitive position and, most importantly of all, cater for people looking to step onto or along the property ladder – or even stay where they are but on a better priced deal – whatever their needs.”

Sign up to our daily email