Norwich & Peterborough Building Society has reduced the rate of its three-year fixed mortgage by 0.50%, earning it the acclaim of an outstanding review.
This mortgage has a competitive rate of 2.29%, enabling it to comfortably take a place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 75% and has a low fee of only £195.
Applications for this mortgage can be made by first-time buyers, second-time buyers and remortgagors with a deposit of 25%. Although there are no incentives with this deal, borrowers do have extensive repayment flexibility, with overpayments, underpayments and payment holidays all permitted provided certain conditions are met.
Cutting the rate of this deal has ensured its place among the Moneyfacts best buys, something that will definitely be noticed by borrowers. The low fee accompanying the rate is also very attractive, and will appeal to those who are trying to keep upfront costs down. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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