N&P launches new 2-year fixed-rate mortgage

Friday, 13 September 2013 09:29

Norwich & Peterborough Building Society (N&P) has launched a new two-year fixed-rate mortgage today (September 13th), with a best buy rate of 1.99 per cent.

The product will be available up to 65 per cent LTV, while customers will also be able to enjoy a low product fee of only £295. Other added incentives include £200 cashback for homebuyers, free valuation and free legal fees for remortgaging borrowers. The main aim of the product is to keep upfront costs low for buyers and allow many families to start climbing the property ladder if they so wish.

N&P product manager Richard Barker said: “We’re pleased to be able to offer a two year fixed rate mortgage below two per cent 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.”

The building society, which merged with Yorkshire Building Society in November 2011, now has 46 branches across the UK. Yorkshire Building Society is now the second largest building society in the UK, following its other successful mergers with Barnsley Building Society in 2008 and Chelsea Building Society in 2010. The Yorkshire now has 230 branches, boasts 3.5 million customers, employs around 4,100 staff and has assets of £33 billion.

The fixed-rate mortgage is now available to all interested customers. For more information on N&P and the products it offers, visit here.

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