Ewan Edwards, head of marketing at N&P, said:
"We improved our 3 year fixed rate mortgage range at the end of August, and are pleased to be adding a best buy 5 year fix to our range too. The new product (at the time of issue) will be the ‘best in the market' at its loan-to-value tier, and will be one of the lowest longer-term fixed rates available in the mortgage market overall."
Main details
- 4.49% fixed for 5 years
- Maximum 80% LTV
- £995 product fee
- Valuation fee paid by customer
- Early repayment charges of 5/5/5/4/3% in 5 years
- 10% penalty-free per annum capital repayment feature (subject to £10,000 cap).