Nottingham BS cuts rates on 5-year BTL products

The lender has announced that it has reduced reduced rates across residential and buy-to-let mortgages in addition to launching new products.

Related topics:  Finance,  Landlords,  mortgages
Property | Reporter
19th September 2023
To Let 722
"These innovations have been developed based on ongoing feedback and conversations with brokers, as we highly value brokers' insights and expertise"
- Alison Pallett - Nottingham Building Society

Nottingham Building Society has announced that it has launched a new range of new mortgage products, including new three-year fixed residential products.

According to the lender, the new three-year fixed residential products are available at 75% LTV and 90% LTV with £300 cashback and are available for purchase or remortgage.

In addition, five-year fixed rates have been reduced by up to 0.20%, while new products have launched at 75% and 85% LTV fee-free. Additionally, 90% LTV product now includes £300 cashback.

BTL

Buy-to-let five-year fixed rates have also been reduced by 0.10% and a new £999 fee product is now available in the limited company range.

As part of the changes, all five-year fixed products have had their end dates moved to December 31st and the Society is now offering cashback on selected residential products. Additionally, remortgage customers can also benefit from optional free legal services.

Alison Pallett, sales director at Nottingham Building Society, commented: "We are excited to introduce these new mortgage products and enhancements, which have been carefully crafted to address the evolving needs of our customers and the ongoing uncertainties in the mortgage market.

"These innovations have been developed based on ongoing feedback and conversations with brokers, as we highly value brokers' insights and expertise. With competitive rates, cashback options, and a commitment to flexibility, we are dedicated to helping individuals and families achieve their homeownership goals.”

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