Norwich & Peterborough Building Society's two-year fixed mortgage rate has been reduced by a further 0.05%, boosting its position in the best buy tables and retaining its 5-star rating.
This direct mortgage now offers a rate of 2.19% for two years and has a maximum loan-to-value of 65%.
Purchase and remortgage customers can borrow a minimum of £25,001.
A reservation fee of £295 is payable either upfront or can be added to the mortgage advance.
A free valuation is offered to all borrowers, whilst purchase customers are entitled to a £200 rebate. Those remortgaging can also take advantage of free legal fees.
Flexible repayment features of overpayments, underpayments and payment holidays are also offered.
Already a front-runner in the mortgage best buy tables, this latest rate cut should attract the attentions of borrowers looking for a competitive medium-term mortgage rate. Five out of five Moneyfacts Stars have been awarded.
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