Its 2-year fixed 80% LTV product with £1,499 (£199 upfront) fees has been reduced from 2.00% to 1.30%.

Other notable reductions include the 85% LTV 2-year fix cut from 2.45% to 1.80%, the 90% LTV 2-year fix cut from 2.55% to 2% and the 90% LTV 5-year fix from 2.85% to 2.55%.

All of the above products are fee free.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “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.”