2-yr 95% fixed mortgage gets a rate cut | Product News - Moneyfacts

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2-yr 95% fixed mortgage gets a rate cut

2-yr 95% fixed mortgage gets a rate cut

Category: Mortgages
Date: 25/09/2015

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 It is now over 6 months old so the content may be out of date.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 reduced the price of its two-year fixed rate mortgage by 0.06%, earning it an 'excellent' rating as a result.


The basics…

This deal now has a competitive rate of 3.98% fixed for two years. It is available at a loan-to-value (LTV) of 95% and has a fee of £845, making it a highly competitive choice for a first-time buyer.


The finer details…

This mortgage is available to house purchase customers with a small deposit of just 5%. There is no incentive package accompanying it, but borrowers are given considerable repayment flexibility: overpayments, underpayments and payment holidays are all permitted, provided certain conditions are met.

This mortgage is also available through branches of Yorkshire Building Society.


Why we like it…

Would-be buyers in possession of a modest deposit are likely to be intrigued by this latest update. This two-year deal is competitive and offers borrowers a great deal of flexibility, which will appeal to those who want room to manoeuvre when organising their repayments.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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