N&P cuts the rate on 5 star mortgage | Product News - Moneyfacts

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N&P cuts the rate on 5 star mortgage

N&P cuts the rate on 5 star mortgage

Category: Mortgages
Date: 09/09/2013

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 It is now over 6 months old so the content may be out of date.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 re-launched its market-leading two-year fixed rate mortgage at a reduced rate of 1.99%.

The basics…

Available at 65% loan-to-value, this mortgage now offers a highly-competitive rate of 1.99% for two years (previously 2.19%).

It is available to first and second time buyers as well as those remortgaging.

Borrowers will also benefit from the below-average fee of £295.

The finer details…

The generous incentive package includes free legal fees for those remortgaging and free valuation fees for all borrowers as well as a £200 rebate for house purchase loans.

Why we like it…

This rate reduction sees the competitiveness of Norwich & Peterborough's two-year fixed mortgage further boosted.

While there are lower rates available in this sector, the generous incentive package and low fee combination outweighs the difference in rates and makes this deal a Moneyfacts Best Buy.

The highest accolade of five Moneyfacts Stars has been awarded.

What Next?

Compare the top 10 best 2 year fixed rate mortgages

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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