N&P BS reduces variable mortgage rate | Product News - Moneyfacts

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N&P BS reduces variable mortgage rate

N&P BS reduces variable mortgage rate

Category: Mortgages
Date: 11/06/2013

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 It is now over 6 months old so the content may be out of date.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 has reduced its three-year tracker rate, asserting its place in the variable mortgage market.

The basics…

Available to purchase and remortgage borrowers, this mortgage offers a competitive variable rate of 2.59% for three years and has a maximum loan-to-value of 75%.

The finer details….

A fee of £795 is payable either upfront or can be added to the mortgage advance.

A wealth of flexible features are offered with this mortgage, including the option to make overpayments of up to 10% of the outstanding mortgage balance, underpayments and take payment holidays.

Why we like it….

A hefty rate reduction of 0.30% should help boost this competitive and flexible mortgage's appeal further. Four out of five Moneyfacts Stars have been awarded.

What next?

Compare variable and tracker rate mortgages
Compare discounted rate mortgages

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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