The Nottingham cuts resi rates by 45bps

Jake Carter

September 22, 2021

the nottingham

The Nottingham has reduced rates across its 2 and 5-year fixed residential mortgage products.

All of the reduced products, available for purchase or remortgage, include a free basic valuation, free standard legal fees for remortgages and descending early repayment charges (ERCs).

The lender has also introduced a 90% loan-to-value (LTV) 2-year fix at 2.05% with a £199 upfront fee, plus an £800 arrangement fee.

Notable reductions include the 85% LTV 2-year fix cut from 2.25% to 2% and the 90% LTV 2-year fix cut from 2.75% to 2.35%, both offerings include no fees.

As well as this, the 90% LTV 5-year fix has been cut from 3% to 2.55%, this includes £999 in fees of which £199 is required up front.

The 90% LTV 5-year fix has been cut from 3.20% to 2.85% and the 95% LTV 5-year fix has been reduced from 3.49% to 3.20%, both include no fees.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “Whether people are looking to purchase or remortgage, these latest rate reductions offer competitively priced choice.

“Nothing stays the same for long in this highly competitive marketplace. When it comes to our ongoing repricing, or the addition of new products, we are committed to our reinvention being achieved by staying close to the market and listening to broker feedback about what their clients are looking for.”

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