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N&P launches ten-year best buy mortgage

N&P launches ten-year best buy mortgage

Category: Mortgages

Updated: 12/02/2013
First Published: 12/02/2013

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 It is now over 6 months old so the content may be out of date.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 issued a highly competitive ten-year mortgage available to borrowers with deposits of 25% and over.

The basics…

This deal offers a rate of 3.99% fixed for ten years and has a maximum loan-to-value (LTV) of 75%.

The finer details….

A minimum of £25,001 can be borrowed by purchase and remortgage customers. An arrangement fee of £295 is payable either upfront or added to the mortgage advance.

Incentives of a free valuation and a £200 rebate are offered to purchase customers, whilst those remortgaging are offered free legal fees.

Why we like it….

This new deal offers an excellent all-round package to borrowers seeking a long-term mortgage. As well as a highly competitive rate, this product has a reasonable arrangement fee, a wealth of incentives and offers flexibility with repayments.

Five out of five Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.