Norwich & Peterborough Building Society has reviewed its fixed rate mortgages and reduced its two-year deal, which has easily made it a Moneyfacts best buy.
This mortgage now has a two-year fixed rate of 1.74% (a 0.15% reduction) at a loan-to-value (LTV) of 65%. A low fee of just £195 is payable.
This deal is available to first-time buyers, homemovers and remortgagors with a 35% deposit.
While there are no incentives with this mortgage, there is a great deal of repayment flexibility. Borrowers are allowed to make overpayments as well as underpayments, and it is also possible to take payment holidays, subject to certain conditions being met.
This mortgage offers a competitive package to borrowers with the right deposit. The attractive rate, low fee and highly flexible repayment options give this deal wide-ranging appeal that is sure to entice both house purchasers and remortgagors alike.
The highest accolade of five Moneyfacts Stars has been awarded.
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 Any products featured may be withdrawn by their provider or changed at any time.
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