Expats and borrowers securing loans over £1 million can secure a 0.25% discount.

Five-year fixed rates now start at 4.09%.b

This is the first time all purchase and first-time buyer rates have been under 5% since 2022.

PMS members can now access The Loughborough’s full range of residential and buy-to-let products.

Caroline Mills joins after 23 years at Lloyds Banking Group as team manager for intermediary distribution.

The new products include 43 new build specific mortgages.

He succeeds Praven Subbramoney, who is leaving Nottingham Building Society to pursue a new opportunity.

The lender is reducing all two-year fixed mortgage products by 15 basis points.

The update follows a number of changes to the Society’s expat residential criteria.

Changes to credit eligibility will also allow borrowers to qualify for lower-priced products.