Norwich & Peterborough launches 2.64% five year fix

The new rates from N&P include a 2.64% five-year fixed rate for customers with a 25% deposit, which has a £1,295 product fee.

For those with a 10% deposit, the N&P has launched a 3.44% three-year fixed rate and a 3.84% five-year fixed rate. Both mortgages have a £1,295 product fee and are aimed at helping first-time buyers to buy their first property or help existing home owners who want to move up the ladder.

Buyers with a 20% deposit can take advantage of the N&P’s new 2.49% three-year fixed rate mortgage with a £1,295 product fee.

Richard Barker, Mortgage Product Manager at Norwich & Peterborough Building Society, said:

“We are always looking to offer our customers the best possible rates on mortgages, combined with the high standard of customer service our members expect. We think the reductions across these popular loan-to-value bands on the medium fixed terms will appeal to borrowers who want take advantage of today’s competitive rates, with the security of knowing exactly what their monthly mortgage repayments will be for the next three or five years.”