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Nottingham launches lowest ever fixed rates

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The Nottingham Building Society has launched its lowest ever fixed rate mortgages.

One is a two-year fixed at 1.49 per cent at 75 per cent LTV, and the second is a two-year fixed at 1.65 per cent at 80 per cent LTV.

Each has a £199 booking fee and an £800 arrangement fee.

Nottingham senior produt manager Jonathan Cartlidge says: “In response to the recent Bank of England rate reduction, and the call from Governor Mark Carney for financial institutions to pass savings to customers, we have responded with our lowest ever fixed rates.

“We know that many people are looking to reduce their outgoing by re-mortgaging and those with the largest loans will be able to make the greatest savings.”

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