Nottingham Building Society has made rate reductions and amendments to its product aimed at foreign nationals and returning ex-pats, as well as its residential products.

The changes see rates lowered by up to 0.10% on its five-year fixed foreign national and returning ex-pat mortgage products.

In addition, the building society has introduced a 85% loan-to-value (LTV) tier rate for foreign nationals while rate reductions of up to 0.23% have been made on residential acquisition products.

Nottingham Building Society sales director Alison Pallett says: “The decision to reduce rates reflects our ongoing dedication to meet the evolving needs of brokers and borrowers alike.”

“We understand the diverse challenges faced by our customers, whether they are returning expats looking to establish a home back in the UK, skilled workers from abroad seeking to build a career and invest in their future, or UK residents navigating the complex home ownership journey.”