95% LTV mortgage is ‘outstanding’ | Product News - Moneyfacts

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95% LTV mortgage is ‘outstanding’

95% LTV mortgage is ‘outstanding’

Category: Mortgages
Date: 12/01/2016

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 It is now over 6 months old so the content may be out of date.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 cut the rate of its two-year fixed rate mortgage by 0.10%, establishing it in the Moneyfacts charts and earning it the top accolade in the process.

The basics…

This mortgage now has a fixed rate of 3.68%, enabling it to take a comfortable place in the charts. It is available at a loan-to-value (LTV) of 95% and has a fee of £845.

The finer details…

This deal is for house purchase customers who are in possession of a modest deposit of 5%. There are no incentives accompanying this mortgage, but borrowers are given an array of repayment options: overpayments, underpayments and payment holidays are all permitted, provided certain conditions are met.

Why we like it…

By cutting the rate this deal has become one of the top accounts in its sector, a move that is sure to grab the attention of eager first-time buyers. The fact that this deal also comes with flexible repayment options enhances its appeal yet further, ensuring that it 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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