Melanie Spencer, business partnership and growth director at One Mortgage System (OMS), explores how building societies are successfully adapting to evolving consumer behaviours and...

Rates have reduced by up to 0.30%.

Existing rates have reduced by 15bps.

Own New Rate Reducer products and Fix and Switch rates are among products to see rate rises this week.

Products are available with 2%, 5% and 7% fees, along with the recently launched 3.5% option.

April 2024 was the third busiest ever month on the Twenty7tec platform.

The largest reduction is to a two-year fixed rate at 85% LTV.

Brokers will have access to Nomo’s residential and rental property finance products through the Sourcing Brain platform.

This is the first time the rate of growth has increased since December 2023.

The Society has also launched two new specialist 'Flex' products.