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The Nottingham cuts rates; adds discount products

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The Nottingham for Intermediaries has made a number of cuts to its fixed rate deals along with adding two new discounted mortgages.

The cuts consist of the following:

The 80% LTV two-year fix with £999 fees in total has been cut from 1.65% to 1.50% and the 80% LTV two-year fix with zero fee has been reduced from 1.95% to 1.90%.

Meanwhile, the 80% LTV five-year fix with zero fees has gone from 2.20% to 2% and the 95% LTV with zero fees on a five-year fix has been cut from 3.70% to 3.49% – the most significant change in this instance.

The lender has also added an 80% LTV five-year fix with £800 in fees at 1.75%.

The two new discount products comprise two-year fixes, the first at 75% LTV with an initial rate of 1.70% and the second at 80% LTV with an initial rate of 1.85%.

The Nottingham head of intermediary sales Nikki Warren-Dean comments: “Having recently revamped our buy-to-let offering we are pleased to today be announcing more products and rate reductions in the residential space.

“Part of our ongoing mortgage reinvention strategy is to ensure that we continue to offer choice for people whether purchasing or remortgaging and whatever their situation, and we feel these latest products are another tick in that box.”

Original Article

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