The Nottingham has reduced rates within its residential mortgage range up by to 40bps.

The largest reduction is on its fee-free 90% loan-to-value (LTV) 5-year fixed product, which is now 3.20% from 3.60%.

Another 90% LTV 5-year fix, with £199 upfront fees (£999 in total), has been repriced at 3.00% (from 3.30%).

At the 95% LTV tier, the lender’s fee-free 5-year fixed option is now 3.70% (from 3.85%).

As well as this, the building society’s large loan offering, with a minimum loan size of £350,000, has been reduced to 1.65% from 1.85% and has a £999 fee (£199 upfront).

All are available for purchase and remortgage.

The Nottingham has also introduced a 5-year fixed remortgage-only product, priced at 2.20% with no fees.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “It’s been an extremely busy time for all of our teams involved across the mortgage mix but a really positive one as we continue to develop an evolving range of products.

“These latest rate reductions put us in a very competitive position and, most importantly of all, cater for people looking to step onto or along the property ladder – or even stay where they are but on a better priced deal – whatever their needs.”