"These tweaks reflect our desire to ensure that brokers and borrowers continue to have a range of options to secure the mortgages they need."
- Alison Pallett, sales director at Nottingham Building Society
Nottingham Building Society has announced new rate reductions and amendments to its product aimed at foreign nationals and returning expats, as well as its residential products.
The Society has reduced rates by up to 0.10% on its five-year fixed rate foreign national and returning expat mortgage products, and introduced new 85% LTV tier rates for foreign nationals.
It has also reduced rates by up to 0.23% on residential acquisition products.
These product enhancements follow Nottingham’s recently launched mortgage proposition aimed at supporting more foreign nationals in buying a home.
Alison Pallett, sales director at Nottingham Building Society, said: “The decision to reduce rates reflects our ongoing dedication to meet the evolving needs of brokers and borrowers alike. We understand the diverse challenges faced by our customers, whether they are returning expats looking to establish a home back in the UK, skilled workers from abroad seeking to build a career and invest in their future, or UK residents navigating the complex home ownership journey.
“We recognise this is a fast-moving market and these tweaks reflect our desire to ensure that brokers and borrowers continue to have a range of options to secure the mortgages they need. We remain committed to further developing our portfolio of products as the market continues to evolve.”
