N&P launches 5 star mortgage - Mortgages - News - Moneyfacts


Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

N&P launches 5 star mortgage

N&P launches 5 star mortgage

Category: Mortgages

Updated: 26/02/2013
First Published: 26/02/2013

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Norwich & Peterborough Building Society has launched a market-leading two-year fixed rate mortgage, available to purchase and remortgage customers with deposits of 40% and over.

The basics…

This deal offers a rate of 2.24% fixed for two years and has a maximum loan-to-value of 60%.

The finer details….

Customers can borrow a minimum of £25,001. A reservation fee of £295 is payable either upfront or can be added to the mortgage advance.

Incentives of free valuation fees are offered to all borrowers, a £200 rebate is offered to purchase customers and free legal fees are available to those remortgaging.

This mortgage also offers the flexibility to make overpayments, underpayments and take payment holidays.

Why we like it….

Offering a market-leading rate with a flexible and low fee package, this latest two-year mortgage has been awarded five out of five Moneyfacts Stars.

What next?

For more infoamrtion on N&P's Mortgage when not contact them directly on: 0808 252 5277

Compare 2 year fixed rate mortgages
Search all mortgages
Mortgage repayment calculator

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Building societies winning the mortgage rate war

Competition is fierce in the mortgage market, and borrowers may assume that the rates from banks will be significantly lower than those elsewhere. However, things aren’t as they seem, as building societies are the winners of the mortgage rate war.

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.