N&P launches its lowest ever five-year fix

Posted on Wednesday, April 22 by Joy Tibbs

Norwich & Peterborough Building Society has launched its lowest ever five-year fixed-rate mortgage for remortgage customers, home movers and first-time buyers.

The mortgage, available to customers with a 35% deposit (65% loan-to-value), is a 2.28% rate fixed for five years, with a £1,295 product fee.

The deal complements its existing mortgage range, which includes a 1.64% two-year fixed rate with a £195 product fee, also available to borrowers with a 35% deposit.

Richard Barker, mortgages manager for N&P, said: “This new mortgage is part of Norwich & Peterborough’s wide range, which aims to help all types of borrowers, including those with larger or smaller deposits, first-time buyers and those who want to remortgage or buy a new property.”

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