The Nottingham has announced a new range of five-year fixed mortgages.

The products are aimed at first-time buyers and home movers with limited equity and are available to those with 5% and 10% deposits.

All of the new products are fee-free and some come with cashback.

They include:

• A five-year, fee-free fixed rate at 2.79% up to 90% of the property’s value
• A five-year, fee-free fixed rate with £500 cashback at 2.89% on purchases only up to 90% of the property’s value.
• A five-year, fee-free fixed rate at 2.98% up to 95% of the property’s value
• A five-year, fee-free fixed rate with £300 cashback at 3.05% on purchases only up to 90% of the property’s value.

The Nottingham’s head of mortgage product, Christie Cook, said: “A week ago we introduced new two-year residential mortgages and are quickly following that up with a refreshed five-year fixed offering.

“It’s important that as well as having competitive rates we offer good choice for people, whatever their property aims. To that end we are delighted to launch a product range that provides options for those looking to fix rates for five years.”