The Nottingham cuts rates for both first-time buyers and landlords

The Nottingham has announced several rate reductions set to benefit brokers with first-time buyer and smaller deposit clients, as well as landlords.

As part of the changes aimed at first-time buyers, the building society’s no-fee five-year fixed 95% LTV mortgage product has been cut from 3.20% to 2.95%.

At the the other end of the scale and those with property portfolios, The Nottingham has also cut rates on its two-year fixed 75% LTV limited company buy-to-let offerings. The society’s £999 fee version has been lowered to 2.90%, down from 3.00%, while its fee-free product is down from 3.40%, to 3.15%

Commenting on the updates, head of intermediary sales at The Nottingham, Nikki Warren-Dean, said: “As part of our ongoing reinvention of our mortgage products we continue to keep a keen eye on the marketplace so we can offer choice via a range of competitive products.

“These rate reductions show we are committed, as a mutual building society, to helping put roofs over heads – be that first-time buyers or people with smaller deposits, or those whose situations mean renting is the right option for them.”

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