N&P cuts three-year fixed rate | Product News - Moneyfacts

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N&P cuts three-year fixed rate

N&P cuts three-year fixed rate

Category: Mortgages
Date: 06/06/2013

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 It is now over 6 months old so the content may be out of date.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 fixed-rate mortgage by 0.15%, asserting its place at the top of the mid-term mortgage market.

The basics…

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%.

The finer details….

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.

Why we like it….

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.

What next?

Compare 3 year fixed rate mortgages
Compare 2 year fixed 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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