The Nottingham has launched a two-year fixed 90% LTV product and made additional residential rate cuts.
The new fee-free 90% LTV offering, which is available for purchase or remortgage, has been introduced at a rate of 2.75%.
The building society has also announced further cuts of up to 65bps. The biggest reduction comes on another two-year fixed offering – its fee-free 85% LTV product, which is now priced at 2.25% (was 2.90%).
For those looking for a longer fixed option, the Nottingham’s fee-free five-year 85% LTV mortgage has been reduced to 2.55% from 3.10%.
At 75% LTV, the mutual’s two-year fixed fee-free product is now 1.70% (was 1.80%) and two-year fixed with £999 fees (£199 upfront) is down 5bps to 1.60%.
the building society has withdrawn its three and 10-year fixed rate products citing a lack of demand.
Nikki Warren-Dean, the Nottingham’s head of intermediary sales, said: “It’s important that as we continue to reinvent our mortgage offering that we do so with broker views underpinning the positive steps we take.
“Recent feedback around what people are asking brokers for has definitely played a key role in bringing this latest group of products to life and it is a further example of how we pride ourselves on being #BuiltAroundBrokers.”
