The Nottingham cuts high-LTV product rates | Mortgage Strategy

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The Nottingham has made a series of cuts to a number of its 80% LTV to 90% LTV fixed rate products.

Most significant of all these changes is the 80% LTV two-year fix with £1,499 fee, which has received a 70 basis point cut to take the rate to 1.30%.

Elsewhere, rate cuts comprise:

  • The 80% LTV five-year fix with £800 fee having a 40 basis point cut, taking its rate to 1.80%
  • The 80% LTV five-year fix with zero fee being cut by 45 basis points to 2.00%
  • The 85% LTV two-year fix with zero fee being cut by 65 basis points to 1.80%
  • The 85% LTV five-year fix with zero gees receiving a 45 basis point cut to 2.20%

And, in the 90% LTV category:

  • The two-year fix with zero fee being reduced by 55 basis points to 2.00%
  • The two-year fix with £999 fees being cut by 35 basis points to 1.80%
  • The five-year fix with £999 fee being cut by 45 basis points to 2.20%
  • The five-year fix with zero fee having a 30 basis point reduction to take its rate to 2.55%

Nottingham head of intermediary sales Nikki Warren-Dean says: “These reductions get the new year off to a positive start and are a proactive indicator of our unstinting dedication to helping people onto, and along, the property ladder.

“We have a firm commitment to continually reinventing our offering so we provide good choice and value, based not just on being competitively priced but also our ethos of listening to feedback from brokers as to what their clients are looking for.”


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