Fixed rate mortgage gets market-leading rate | Product News - Moneyfacts

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Fixed rate mortgage gets market-leading rate

Fixed rate mortgage gets market-leading rate

Category: Mortgages
Date: 12/12/2014

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 It is now over 6 months old so the content may be out of date.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 amended selected fixed rates among its mortgage offerings. One of the deals to benefit is its three-year fixed rate mortgage, which now sits at the top of the Moneyfacts charts.


The basics…

This mortgage now has a market-leading rate of 2.24% fixed for three years, available at a loan-to-value of 65%. A low fee of just £195 is payable.


The finer details…

This deal is open to first-time buyers, second-time buyers and remortgagors with a 35% deposit.

Although there are no incentives offered with this mortgage, there are a great deal of repayment options with overpayments, underpayments and payment holidays all permitted provided certain conditions are met.


Why we like it…

The rate reduction on this mortgage has sent it soaring to the top of the charts for its sector. The low fee and the extensive repayment options add to the appeal, ensuring the popularity of this mortgage among borrowers with the right deposit.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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