‘Outstanding’ mortgage gets a rate cut | Product News - Moneyfacts

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‘Outstanding’ mortgage gets a rate cut

‘Outstanding’ mortgage gets a rate cut

Category: Mortgages
Date: 10/02/2015

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 It is now over 6 months old so the content may be out of date.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 the rate of its three-year fixed mortgage by 0.50%, earning it the acclaim of an outstanding review.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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