The Nottingham has rolled out new mortgage products for residential and buy-to-let customers.
For first-time buyers, a significant update is the reduced deposit requirement, now at 10%. This is a 14 basis point decrease from the previous offering.
This change is timely, given that recent ONS data reported a 5.3% increase in average private rental prices over the past year.
In the buy-to-let sector, The Nottingham has reduced fees by up to £1,500 and introduced a new 5-year fixed mortgage at £999.
Additionally, there have been reductions in rates and fees for its limited company buy-to-let products.
Sales Director Alison Pallett said: “We aim to keep our products in line with current market needs.
“With these updates, we hope to support a variety of customers, from first-time buyers to landlords, in today’s housing market.”
