N&P BS cuts rate to 2-yr fixed mortgage | Product News - Moneyfacts

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N&P BS cuts rate to 2-yr fixed mortgage

N&P BS cuts rate to 2-yr fixed mortgage

Category: Mortgages
Date: 27/04/2016

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 It is now over 6 months old so the content may be out of date.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 on its two-year fixed mortgage by 0.15%, boosting its competitiveness and earning it an 'excellent' rating in the process.

The basics…

This deal now has a rate of 1.64% fixed for two years, the joint lowest rate currently available for its terms. It is offered at a loan-to-value (LTV) of 85% and has a fee of £975.

The finer details…

This mortgage is open to all applicants who have a 15% deposit. There are no incentives accompanying this deal, but borrowers can take advantage of the considerable repayment options: overpayments, underpayments and payment holidays are all allowed, provided certain conditions are met.

This deal is also available through branches of Yorkshire Building Society.

Why we like it…

The rate cut has honed this mortgage's competitiveness and secured it an 'excellent' title, something that will certainly catch the eye of mortgage hunters. Eligible borrowers can also profit from the wide range of flexible repayment options, which will give them greater control over their outstanding balance.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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