2-yr fixed mortgage is ‘outstanding’ | Product News - Moneyfacts

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2-yr fixed mortgage is ‘outstanding’

2-yr fixed mortgage is ‘outstanding’

Category: Mortgages
Date: 10/03/2015

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 It is now over 6 months old so the content may be out of date.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 selected mortgage rates by up to 0.70%. One of the deals to benefit is the two-year fixed product, which has earned the highest Moneyfacts rating for its competitive terms.

The basics…

This deal now has a rate of 1.79% fixed for two years, allowing it to sit comfortably in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 75% and has a low fee of £345.

The finer details…

This mortgage is only available to house purchase customers with a 25% deposit. An enticing incentive package of a £500 rebate upon completion is available to all borrowers.

In addition, this deal offers considerable flexibility over repayments, with overpayments, underpayments and payment holidays all permitted provided certain conditions are met.

Why we like it…

Thanks to the rate cut, this already attractive mortgage has boosted its appeal to those looking to buy a home. The competitive rate, combined with the low fee and the promise of a £500 rebate, makes this deal a great all-round package, which is enhanced further by the flexible repayment options. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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