N&P found that in 2013 so far 86% of new borrowers have chosen a low-fee product when choosing a product from the Society's range of competitive mortgages.
The proportion of borrowers choosing a low-fee product - at a cost of £295 - has risen by a third compared with the same period in 2012.
Low-fee N&P mortgage rates start from 2.24% for a two year fixed rate at 65% loan to value and also include mortgages at 75%, 85% and 90% LTV. Free valuation, legal assistance and cashback on completion is available on selected products.
N&P Product Manager, Richard Barker, said:
"A lot of borrowers are attracted to a headline low rate but the size of their loan will determine which deal saves them the most money, which is something our specialist mortgage advisers can help with."
"Individual circumstances also come into play - for example, first time buyers may want to minimise their upfront mortgage costs when they have so many other expenses that need paying at the same time, before they even get to moving in to their new home.
"Our fixed rate mortgages - particularly the two and five year - have been popular with borrowers looking for low-fee products and many of these also come with added incentives such as £200 cashback on purchases, or free valuation and free legal fees on remortgages, which can help to keep down costs even further."
