Nottingham Building Society has made further rate reductions across its foreign national mortgage range by up to 0.10%. This comes after the society made a series of enhancements in late 2024 to make homeownership more accessible for foreign nationals. This included expanded visa acceptance to include global talent, pre-settlement, UK ancestry, British national overseas, health and care worker, skilled worker, tier two and dependent visas. Since launching the foreign national proposition, the Nottingham has received over £65m in applications.

Gatehouse Bank has relaunched its two- and five-year fixed term home purchase plans (HPP) with higher finance-to-value (FTV) limits for UK residents. The changes include the relaunch of its maximum 95% FTV HHP products for first-time buyers and home movers who are UK residents and seeking a maximum finance amount of £600,000. For UK residents looking to purchase or refinance a property for a maximum finance amount of £750,000, Gatehouse Bank has relaunched its HPPs at up to 90% FTV. The bank’s HPPs with an FTV limit of 95% are available for new builds, whereas the FTV limit on new build flats is available at up to 90%.

London Credit has announced a 10 bps rate reduction across its commercial and semi-commercial bridging products as part of a limited time offer. Rates now start from 0.75% per month on loans up to 60% LTV. The offer applies to all new commercial and semi-commercial applications where legal undertakings are in place by 31 May, with completion by 15 July. The reduction offers brokers an opportunity to secure competitive terms for clients who are looking to raise capital against commercial or mixed-use property, whether for investment, refinancing or short-term liquidity.

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