The Nottingham for intermediaries has reduced rates on a 75% BTL product and introduced a new 90% LTV deal.

The lender has dropped rates on the BTL limited company mortgage at 75% LTV to 2.58% from 2.71%.

Landlords of up to 15 properties who decide the mortgage is right for them will receive a free basic valuation and option to make extra payments of up to 10% each year. There are no upfront payments but an arrangement fee of £999 is added to the loan. 

In the residential space, The Nottingham has introduced a fee and ERC-free 90% LTV two-year discount product at 2.58% (3.16% discount on the variable mortgage rate). 

It has also reduced the price of its fee-free 95% LTV five-year fixed mortgage to 2.93% (was 2.95%). All the lender’s residential mortgages are available for mortgages and remortgages. 

The Nottingham heead of mortgage product Christie Cook, says: “We review our entire range on an ongoing basis and are delighted to be announcing a rate reduction to what is an already popular limited company buy-to-let product. 

“Alongside the recent unveiling of our new 95% LTV residential products, including a cashback mortgage, this is further evidence of our dedication to helping everyone fulfil their property aims, whether first-time buyers or portfolio landlords.”