Norwich & Peterborough BS has launched a fixed rate mortgage available to first-time buyers with a 5% deposit.
The product is priced at 4.99% for two years at 95% loan-to-value (LTV). An offset option priced at 5.19% is also available.
Although there is no incentive package, this mortgage has the added appeal of no arrangement fee to keep upfront costs to a minimum.
The competitive rate and no fee payable makes this an attractive deal for first-time buyers with only a 5% deposit and sees it enter the Moneyfacts best buys.
Four Moneyfacts Stars have been awarded.
Looking to fix your mortgage rate? - compare fixed rate mortgages
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