The lender has launched new fee-free options and reduced limited edition rates.

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.

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

The new products include 43 new build specific mortgages.

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.