The Nottingham cuts resi rates by up to 0.70%

The Nottingham has announced rate reductions of up to 70bps across its residential range.

Related topics:  Mortgages
Rozi Jones
5th January 2022
Nottingham
"These reductions get the new year off to a positive start and are a proactive indicator of our unstinting dedication to helping people onto, and along, the property ladder."

Its two-year fixed 80% LTV product with £1,499 (£199 upfront) fees has been reduced from 2.00% to 1.30%.

The building society has also cut the rates of two and five-year fixed products - all available for purchase or remortgage - between 85% and 95% LTV.

A two-year fixed rate at 85% LTV with no fees has reduced from 2.45% to 1.80%, while 90% LTV rates have seen cuts of up to 55bps and now start from 1.80% with a £999 fee or 2.00% fee-free.

At 80% LTV, five-year fixed rates have been reduced from 2.20% to 1.80% with £800 fees and from 2.45% to 2.00% fee-free.

A fee-free five-year fix at 85% LTV has also been reduced by 45bps to 2.20% with no fees.

At 90% LTV, five-year fixed rates now start from 2.20% with £999 fees and 2.55% fee-free.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “These reductions get the new year off to a positive start and are a proactive indicator of our unstinting dedication to helping people onto, and along, the property ladder.

“We have a firm commitment to continually reinventing our offering so we provide good choice and value, based not just on being competitively priced but also our ethos of listening to feedback from brokers as to what their clients are looking for.”

 

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.