Nottingham BS cuts foreign national and returning expat rates

Nottingham BS cuts foreign national and returning expat rates


Nottingham BS cuts foreign national and returning expat rates

Nottingham Building Society has reduced foreign national and returning expat rates by up to 0.16% and extended end dates.

The changes to Nottingham Building Society’s foreign national and returning expat rates will come into effect immediately and will offer “greater financial flexibility and attractive mortgage options to valued customers”.

The lender’s two-year fixed rate will be cut by up to 0.16% and its five-year fixed rate will fall by up to 0.1%.



The end dates for its residential two-, three- and five-year fixed rates will be extended.

Alison Pallett (pictured), sales director at Nottingham Building Society, said: “We are constantly reviewing our products to ensure they meet the evolving needs of our customers and we’re delighted to be able to offer these reduced rates from 9 July.

“These changes demonstrate our dedication to offering competitive rates and flexible options to all types of borrowers, be it skilled foreign nationals, returning expats or UK residents.”

Nottingham Building Society made changes to allow no minimum residency for foreign nationals earlier this year.

The firm lowered foreign national and expat rates at the end of June by up to 0.1% and added 85% loan-to-value (LTV) tier rates in the range.

 

Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.


She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.


In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.


She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.


Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.


In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.





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