The Nottingham has launched a pair of new two-year fixed 95% LTV mortgages for first-time buyers.

This includes the introduction of a fee-free 2.78% product, that comes with £500 cashback.

The building society has also introduced a lower rate two-year fixed option at 2.39%, which comes fees of £999 in total, without cashback, aimed at helping those looking to make their first step onto the property ladder.

The Nottingham’s head of mortgage product, Christie Cook, commented: “It’s important to us to do what we can to help first-time buyers achieve their dreams – something that’s been in The Nottingham’s ethos for over 170 years.

“We’re delighted to be announcing these competitively priced 95% LTV products. As a mutual building society that prides itself on helping people onto, and along, the property ladder we aim to keep evolving our products and services – including our focus on our offerings for first-time buyers and those with smaller deposits.”

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