Nottingham Building Society has launched a new range of mortgage products and enhancements.
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 Society says.
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%, making homeownership more accessible. The introduction of ten new products across various Loan-to-Value (LTV) ratios, coupled with varying fees, expands opportunities for a wider range of buyers.
• New discounted variable rate residential products: The variable discounted rate range has been enhanced with the introduction of 75% & 90% LTV tiers, providing more options for borrowers in the residential market. Rates on the 80% discounted products have also been reduced by up to 0.15%, enhancing affordability.
• Reduced Retirement Interest Only (RIO) fixed rates: RIO product rates have been made more competitive, with reductions of up to 0.11%, addressing the evolving needs of borrowers.
Alison Pallett, sales director at Nottingham Building Society comments: “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 re-mortgage. We have been working hard to deliver enhancements to our criteria alongside our incredibly strong stance on affordability.”
