The Nottingham reduces two and 5-year fixed mortgage rates

Mortgage Introducer

August 10, 2021

Nikki Warren-Dean - The Nottingham

The Nottingham has cut rates on its two and 5-year fixed residential products by up to 0.21%.

In addition, the Society has also unveiled a pair of 2-year discount mortgages. The 75% loan-to-value (LTV) product is priced at 1.70% (Variable Mortgage Rate minus 4.04%) and the 80% LTV has a rate of 1.85% (3.89% off VMR).

The discount products come with a 1% (of the outstanding balance) early repayment charge and no fees.

The cust take place mostly across the 80% LTV bands with the largest pricing adjustment is on the no-fee 5-year fixed 95% LTV product which drops from 3.70% to 3.49%.

Nikki Warren-Dean (pictured), The Nottingham’s head of intermediary sales, said: “Having recently revamped our buy-to-let offering we are pleased to today be announcing more products and rate reductions in the residential space.

“Part of our ongoing mortgage reinvention strategy is to ensure that we continue to offer choice for people whether purchasing or remortgaging and whatever their situation, and we feel these latest products are another tick in that box.”

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