Nottingham Building Society is set to launch a range of new mortgage products and enhancements, including new 3-year fixed residential products, and cashback incentives.
In response to broker feedback, Nottingham Building Society is introducing 3-year fixed residential products at 75% loan-to-value (LTV) (with £300 cashback) and 90% LTV.
These products aim to provide competitive pay rates for customers, whether they are looking to remortgage or are first-time buyers.
The society is also reducing 5-year fixed rates by up to 0.20%, in a bid to make homeownership more accessible.
The introduction of two new products at 75% and 85% LTV ratios, both without fees, opens doors for a wider range of buyers.
Additionally, the 90% LTV product now includes £300 cashback.
The Nottingham is also lowering rates on its buy-to-let (BTL) 5-year fixed products by 0.10%, and a new low fee (£999) product is now available in its Limited Company range.
All 5-year fixed products have had their end dates refreshed to December 31st.
Alison Pallett, sales director at Nottingham Building Society, said: “We are excited to introduce these new mortgage products and enhancements, which have been carefully crafted to address the evolving needs of our customers and the ongoing uncertainties in the mortgage market.
“These innovations have been developed based on ongoing feedback and conversations with brokers, as we highly value brokers’ insights and expertise.
“With competitive rates, cashback options, and a commitment to flexibility, we are dedicated to helping individuals and families achieve their homeownership goals.”
