Norwich & Peterborough BS reduces mortgage rate | Product News - Moneyfacts

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Norwich & Peterborough BS reduces mortgage rate

Norwich & Peterborough BS reduces mortgage rate

Category: Mortgages
Date: 02/07/2013

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 It is now over 6 months old so the content may be out of date.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'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.

The basics…

This direct mortgage now offers a rate of 2.19% for two years and has a maximum loan-to-value of 65%.

The finer details….

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.

Why we like it….

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.

What next?

Compare 2 year fixed rate mortgages
Mortgage repayment calculator
How much can you borrow calculator

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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