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The Nottingham reduces resi rates on high LTVs
The Nottingham has cut a range of residential two and five-year fixed rates between 80 and 90 per cent loan to value (LTV) by up to 0.7 per cent.
Its two-year fixed rate at 80 per cent LTV has fallen from two per cent to 1.3 per cent. It comes with a £1,499 fee.
Its no-fee two-year fixed rate at 85 per cent LTV has decreased from 2.45 per cent to 1.8 per cent, whilst the equivalent at 90 per cent LTV has gone from 2.55 per cent to two per cent.
On the five-year fixed side, its no-fee product at 80 per cent LTV has decreased from 2.45 per cent to two per cent, and its no-fee option at 85 per cent LTV has fallen from 2.65 per cent to 2.2 per cent.
Its no-fee five-year fixed rate at 90 per cent LTV has gone down from 2.85 per cent too 2.55 per cent, whilst its £999 fee paying option at the same LTV has decreased from 2.65 per cent to 2.2 per cent.
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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.
“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.”