Nottingham Building Society continue 2026 momentum by cutting rates on all standard residential products

Nottingham Building Society has announced rate cuts across all standard residential mortgage products for new lending, with rates now starting from 4.38%. 

The latest pricing changes continue the Society’s strong start to 2026 and build on a series of recent enhancements designed to make mortgage lending more practical, accessible, and reflective of how people earn, work, and plan today. 

Over the past two months, Nottingham Building Society has introduced a number of targeted criteria and proposition updates across its residential range, including: 

• Widening its approach to future income, allowing confirmed pay rises and future employment to be considered when assessing affordability, enabling borrowers to secure a mortgage before starting a new role
• Greater flexibility around borrower profiles, including secondary employment, selected variable income types and a more pragmatic approach where applicants do not fit traditional affordability models
• Simplifying criteria for self-employed applicants, replacing its previous three-year trading requirement with a minimum of two years’ trading supported by two complete years of accounts
• Increasing the maximum loan-to-value for new-build flats from 80% to 85%
• Removing its loan-to-value cap on lending into retirement, widening options for older borrowers and later-life planning and younger buyers extending their term to age 75.
• Expanded the global reach of its foreign national lending proposition by extending access to international credit data through its partnership with Nova Credit. Credit information can now be sourced from Ukraine and South Africa, taking the total number of supported countries to 15
• Updating its leading Foreign Nationals proposition by enabling incoming foreign nationals on a Family Visa to be eligible to apply, broadening the Society’s reach to more customers seeking to establish a home in the UK.   

Taken together, the pricing and criteria changes reflect Nottingham Building Society’s continued focus on evolving its residential proposition while laying the groundwork for future product development across 2026. 

Matt Kingston, Sales Director at Nottingham Building Society, said: “Cutting rates across our residential range is an important signal, but it’s only one part of a much bigger picture. We’ve been deliberately pulling a number of levers — across pricing, affordability and criteria — to make our lending work harder for real people with real lives. 

“Between the launch of our new IDI platform for brokers last year and the propositions we’re developing for the future, our focus is firmly on removing unnecessary barriers and supporting brokers to help borrowers who are often well-placed to sustain homeownership but underserved by rigid models. We’re backing customers with practical, flexible solutions — not just today, but as the market continues to evolve.” 

The Society expects to continue building on its residential proposition throughout 2026, with further enhancements planned as it prepares to extend its specialist approach into other areas of lending.