The Nottingham has welcomed in 2022 by announcing rate drops of up to 70bps across its residential range.
Its two-year fixed 80 per cent LTV product with £1,499 (£199 upfront) fees has been reduced from 2.00 per cent to 1.30 per cent.
The building society has also cut the rates of two and five-year fixed products – all available for purchase or remortgage – at 85 per cent and 95 per cent LTV.
· Two-year fixed, 85 per cent LTV with no fees, 1.80 per cent (from 2.45 per cent)
· Two-year fixed, 90 per cent LTV with no fees, 2.00 per cent (was 2.55 per cent)
· Two-year fixed, 90 per cent LTV with £999 fees (£199 upfront), 1.80 per cent (from 2.15 per cent)
· Five-year fixed, 80 per cent LTV with £800 fees (£0 upfront), 1.80 per cent (was 2.20 per cent)
· Five-year fixed, 80 per cent LTV with no fees, 2.00 per cent (from 2.45 per cent)
· Five-year fixed, 85 per cent LTV with no fees, 2.20 per cent (was 2.65 per cent)
· Five-year fixed, 90 per cent LTV with £999 fees (£199 upfront) 2.20 per cent (from 2.65 per cent)
· Five-year fixed, 90 per cent LTV with no fees, 2.55 per cent (was 2.85 per cent)
Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “These reductions get the new year off to a positive start and are a proactive indicator of our unstinting dedication to helping people onto, and along, the property ladder.
She added: “We have a firm commitment to continually reinventing our offering so we provide good choice and value, based not just on being competitively priced but also our ethos of listening to feedback from brokers as to what their clients are looking for.”
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