Nottingham BS cuts resi rates by up to 54bps, launches products 

Nottingham Building Society has cut selected fixed-rate loans by up to 54 basis points and launched new variable rate offers, among a range of updates to its residential range.

Highlights of the mutual changes include:

• Reduced residential fixed rates — cuts two-year, three-year and five-year fixes by up to 54bps
• Introduces ten new products across various loan-to-value ratios, with varying fees
• Discounted variable rate residential products — introduces 75% and 90% LTV tiers
• Rates on 80% discounted products reduced by up to 15bps
• Retirement interest-only fixes — down by up to 11bps

Nottingham Building Society sales director Alison Pallett says its “new range of products assists 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”.