Nottingham Building Society has made a package of product enhancements across its residential mortgage range, including rate reductions and loan-to-income (LTI) changes.
Select residential products have been reduced by up to 17 basis points including its foreign national and retirement interest-only (RIO) ranges.
It has also launched new £1,000 cashback options on 90% and 95% LTV products.
The society has introduced a LTI extension to 5.5x across purchase and remortgage for applicants earning over £85,000 and reduced the stress rate on all two-year fixed residential products.
These enhancements are designed to offer increased flexibility and practical support to a broader range of borrowers, including first-time buyers, older borrowers, and those with complex financial situations.
Nottingham Building Society sales director Matt Kingston says: “These latest changes are part of our continued drive to support brokers and borrowers with flexible products that reflect real life, whether that’s cashback to ease upfront costs or extended LTIs for those on modest incomes.”
