‘Outstanding’ mortgage from N&P | Product News - Moneyfacts

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‘Outstanding’ mortgage from N&P

‘Outstanding’ mortgage from N&P

Category: Annuities
Date: 18/02/2016

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 increased the rate on its two-year fixed mortgage by 0.10%; however, this has not dented its competitiveness in the market, enabling it to retain its chart place and earn the top accolade as a result.

The basics…

This mortgage now has an attractive rate of 1.94% fixed for two years, which has ensured its continued place in the charts. It is available at a loan-to-value (LTV) of 75% and has absolutely no product fees.

The finer details…

All borrowers with the necessary deposit are welcome to apply for this deal, which is accompanied by an eye-catching incentive package: house purchase customers can profit from a £250 rebate upon completion, while remortgagors can take advantage of a £200 rebate or free legal fees. Free valuation is also available to all borrowers.

In addition to its attractive incentive package, this deal also boasts an impressive array of flexible repayment options: overpayments, underpayments and payment holidays are all permitted, provided certain conditions are met.

Why we like it…

The fact that a slight rate rise hasn't damaged this mortgage's appeal shows how competitive it is – borrowers who take out this deal will be able to benefit from a competitive rate, a truly enticing incentive package and highly flexible repayment options, which combine to make this deal a true all-rounder. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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