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N&P issues 5-star fixed-rate mortgage

N&P issues 5-star fixed-rate mortgage

Category: Mortgages

Updated: 28/01/2013
First Published: 28/01/2013

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 It is now over 6 months old so the content may be out of date.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 launched a two-year fixed rate mortgage to borrowers with deposits of 40% and over.

The basics…

This deal offers a rate of 1.99% for two years and has a maximum loan-to-value of 60%.

The finer details….

An arrangement fee of £995 is payable either upfront or added to the advance.

A host of flexible features are also offered with this mortgage, including the option to make overpayments of up to 10% per year, underpayments and take payment holidays.

Why we like it….

This attractive mortgage offers a great all-round package of a highly competitive rate, reasonable fee and flexible features. Five out of five Moneyfacts stars have been awarded.

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