A competitive new fixed rate mortgage has been rolled out by the Norwich and Peterborough Building Society (N&P).
As of today (April 24th), customers are able to take advantage of the low-fee three-year product, which comes with a best buy rate of 2.49 per cent and is available up to 60 per cent loan-to-value (LTV).
N&P product manager Richard Barker said the company is becoming increasingly known for its value-for-money deals that have low fees and the new three-year mortgage complements its existing two-year and five-year fixed-rate products.
He continued: “The costs associated [with] completing a mortgage can add up and, in the case of remortgaging in particular, may even deter homeowners from switching to a better deal which will save them money.”
On top of the new deal, borrowers who are looking to cut their upfront costs are likely to be tempted by the low fee of £295 it comes with, as well as incentives like free legal fees for remortgages, free valuation or £200 cashback for home buyers.
N&P also offer a two-year fixed rate mortgage at an initial rate of 3.79 per cent for up to 85 per cent LTV.
