Nottingham Building Society has launched five-year fixed mortgages to its range.
The products are available for purchase and remortgage and include an option at 75 per cent loan to value (LTV) with a rate of 5.39 per cent. At 80 per cent LTV, the rate is 5.57 per cent, and at 80 per cent LTV, it is priced at 5.67 per cent.
These all have a £999 fee.
The mutual said further rate cuts would be announced in the coming days in its residential, buy-to-let and limited company ranges.
Alison Pallett (pictured), sales director at The Nottingham, said: “We understand the challenges faced by mortgage brokers in today’s dynamic market, and we are committed to supporting them every step of the way.
“That’s why we’ve introduced these fantastic new products and also made significant rate reductions across various categories, demonstrating our unwavering dedication to brokers and their customers.”
Santander rate cuts
Santander has announced it will reduce rates by up to 0.29 per cent on Monday 14 August.
This will apply to residential purchase and remortgage fixed rates, and no changes will be made to residential and buy-to-let tracker deals, or product transfer rates.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
