Nottingham Building Society has unveiled a new range of mortgage products and improvements.
These include new rate reductions and product enhancements with more fee and LTV options, introduced in response to broker feedback and designed to offer greater flexibility and affordability to borrowers.
The new range of products includes:
- Reduced residential fixed rates: Nottingham Building Society is reducing its 2-year, 3-year & 5-year fixed rates by up to 0.54%. It has introduced 10 new products across various loan to value (LTV) ratios, coupled with varying fees
- New discounted variable rate residential products: The variable discounted rate range has been enhanced with the introduction of 75% & 90% LTV tiers. Rates on the 80% discounted products have also been reduced by up to 0.15%
- Reduced Retirement Interest Only (RIO) fixed rates: RIO product rates have been made more competitive, with reductions of up to 0.11%.
Alison Pallett (pictured), sales director at Nottingham Building Society, said: “We’re proud to introduce a new range of products to assist individuals in realising their dream of homeownership, catering to both those looking to move and those seeking to remortgage.
“We have been working hard to deliver enhancements to our criteria alongside our incredibly strong stance on affordability”.