Fixed rate mortgage storms the charts | Product News - Moneyfacts

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Fixed rate mortgage storms the charts

Fixed rate mortgage storms the charts

Category: Mortgages
Date: 05/11/2014

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 It is now over 6 months old so the content may be out of date.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 slashed the price of its two-year fixed rate mortgage by 0.20%, sending it straight into the Moneyfacts charts.

The basics…

This deal is now priced at 1.94% at a loan-to-value (LTV) of 65%. A low fee of £345 is payable.

The finer details…

This offer is open to first-time buyers, second-time buyers and those looking to remortgage. House purchasers can benefit from a £500 rebate after completion while remortgagors can profit from an incentive package of free legal fees and free valuation.

Repayments for this mortgage are very flexible with overpayments, underpayments and payment holidays all permitted. Underpayments and payment holidays must not exceed the amount made in overpayments and seven days' notice must also be given if an underpayment is to take place.

Why we like it…

This deal from Norwich & Peterborough is very enticing with a great rate and a low fee. The generous incentive package and the highly flexible repayment options add extra shine to this offer and cement its position among the best buys.

The highest accolade of five Moneyfacts Stars has 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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