Good news for foreign nationals and expats looking to buy in the UK! Nottingham Building Society has slashed mortgage rates by up to 0.23% in a bid to attract more international buyers.

This move comes hot on the heels of the building society’s recent launch of a brand-new mortgage scheme designed specifically for foreign nationals.

So, what’s the deal?

• Five-year fixed-rate mortgages for foreign nationals and returning expats have been reduced by up to 0.10%. This is great news if you’re looking for some long-term security and peace of mind.
• New 85% loan-to-value (LTV) rates have been introduced for foreign nationals. This means you could secure a mortgage with a smaller deposit.
• Residential mortgages have also seen cuts of up to 0.23%. So, whether you’re a UK resident or an international buyer, there are savings to be had.

Alison Pallett, sales director at Nottingham Building Society, explained that the changes are a direct response to the changing needs of borrowers. “We understand the diverse challenges faced by our customers,” she said, “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.”

Pallett emphasised that Nottingham Building Society is committed to providing a wide array of mortgage options and will continue to adapt to the evolving market.