N&P introduce new fixed rate mortgage

Norwich and Peterborough Building Society is introducing a new ‘best buy' 5 year 4.49% fixed rate mortgage at 80% LTV - with immediate effect.

Related topics:  Mortgages
Millie Dyson
8th September 2010
Mortgages
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).
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