Nottingham launches 90% deal and cuts rates by up to 65 bps | Mortgage Strategy

Img

The Nottingham has launched a two-year fixed at 90% LTV and cut rates on other products by up to 65 basis points.

The new fee-free 90% LTV deal is available for purchase or remortgage at a rate of 2.75%. 

Two weeks after lowering rates across its range, the building society has also announced further cuts.

The biggest reduction is to its fee-free two-year fixed up to 85% LTV which has come down from 2.9% to 2.25%.

Its fee-free five-year fixed at 85% LTV has been reduced by 55 basis points from 3.10% to 2.55%.

At 75% LTV its fee-free two-year fixed rate has come down from 1.8% to 1.7% while its two-year fixed with £999 fees is down 5 bps to 1.60%.

The Nottingham has removed its three and ten-year deals for the time being due to a greater appetite for other fixed-rate terms.

Nottingham head of intermediary sales Nikki Warren-Dean says: “It’s important that as we continue to reinvent our mortgage offering that we do so with broker views underpinning the positive steps we take.

“Recent feedback around what people are asking brokers for has definitely played a key role in bringing this latest group of products to life and it is a further example of how we pride ourselves on being #BuiltAroundBrokers.”


More From Life Style