The lowest 10-year fixed rate mortgage on the current market, it will be available from Tuesday 12 February in all N&P branches as well as through online and telephone channels. A tempting proposition, the product is available at a rate of 3.99%, up to 75% LTV with a fee of only £295. Customers will also be tempted by the free valuation offer or free legal fees or cash-back options for those who are remortgaging.
Commenting on the new mortgage, Product Manager for Norwich and Peterborough Building Society Richard Barker said:
“We are delighted to launch this new product and it is one we are confident will be well received in the market. We know there is an appetite for longer term products and current swap rates have allowed us to look at our mortgage provision and offer this excellent product. We know that this competitive rate will be welcome news for those who wish to fix for a longer period of time particularly as 10 year fixed rate products are rare overall within the mortgage market. The product benefits from an extremely low fee together with an attractive incentives package ensures that borrower costs are kept to a minimum."