Norwich & Peterborough Building Society has reduced its three-year fixed-rate mortgage by 0.15%, asserting its place at the top of the mid-term mortgage market.
Available directly to customers, this mortgage offers a rate of 2.34% for three years and has a new maximum loan-to-value of 65%.
Purchase and remortgage customers can borrow a minimum of £25,001. A fee of £295 is payable either upfront or added to the mortgage advance.
All borrowers are offered the incentive of a free valuation, whilst purchase customers will receive a £200 rebate. Those wishing to remortgage are eligible for free legal fees.
A host of flexible features including overpayments, underpayment and payment holidays are also offered with this deal.
Norwich & Peterborough Building Society has increased the maximum loan-to-value and cut the initial rate for this already best buy mortgage, heightening its appeal to customers even further.
Sitting at the top of the three-year fixed mortgage sector, this product has been awarded five out of five Moneyfacts Stars.
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