The fee-free product, which is available from today, has a rate of 2.75 per cent and can taken out for purchase or remortgage.
The mutual is also cutting rates by up to 0.65 per cent on several residential products between 75 and 85 per cent LTV.
The biggest rate reduction was its fee-free two-year fixed rate 85 per cent LTV product which has been reduced by 0.65 per cent to 2.25 per cent.
Its fee-free five-year fixed rate at 85 per cent LTV has gone from 3.1 per cent to 2.55 per cent.
On the 75 per cent LTV side, its two-year fixed rate fee-free product has decreased by 0.1 per cent to 1.7 per cent. Its two-year fixed rate at 75 per cent LTV with a £999 fee has gone down 0.05 per cent to 1.6 per cent.
The Nottingham has also removed its three and ten-year fixed products as the popularity for other mortgage products has increased.
The Nottingham’s head of intermediary sales Nikki Warren-Dean (pictured) said: “It’s important that as we continue to reinvent our mortgage offering that we do so with broker views underpinning the positive steps we take.
“Recent feedback around what people are asking brokers for has definitely played a key role in bringing this latest group of products to life.”