The product is available up to 65% LTV, with a low product fee of £295.
N&P Product Manager Richard Barker said:
"In addition to the best buy rate, the fee is low and the mortgage comes with added incentives such as a free valuation, and free legal fees for borrowers remortgaging or £200 cashback for homebuyers, to keep down upfront costs for borrowers."
"We're pleased to be able to offer a two year fixed rate mortgage below 2% again. We've seen rising demand for our competitive, low-fee products over the summer so expect plenty of interest in this latest addition to our range."