The Nottingham cuts residential rates by up to 40bps

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

Related topics:  Mortgages
Rozi Jones
5th July 2021
Nottingham
"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."

The largest reduction is to a fee-free 90% LTV five-year fixed rate, which is down to 3.20% from 3.60%.

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

At 95% LTV, a fee-free five-year fixed rate has been cut from 3.85% to 3.70%.

An 80% LTV two-year fixed rate has also been reduced from 2.25% to 1.95% with no fee.

All the above are available for purchase and remortgage.

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

The Nottingham’s head of intermediary sales, Nikki Warren-Dean, 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.”

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