N&P cuts rates on 85% LTV deals by 0.3%
Share
Norwich & Peterborough Building Society reducing rates by up to 0.3% on its range of 85% LTV fixed rate mortgages.
It says the cheaper rates, which will be available from tomorrow, makes its two and three-year fixed products the lowest 85% LTV deals on the market.
The society’s two-year fix has been cut from 4.28% to 3.99% at 85% LTV and comes with a £995 product fee.
And its three-year fixed rate deal at 85% LTV is now 4.58%, down from 4.88%, and comes with a £995 product fee.
Richard Barker, mortgage manager at Norwich & Peterborough, says: “This reduction in the interest rates across the range of our fixed rate mortgages is very good news for those looking to move home, or re-mortgage, as we approach summer.
“We continually look to offer a good deal for our members, and these changes mean that Norwich & Peterborough is now offering the lowest two and three-year fixed rate mortgages currently available for those with a 15% deposit, making it particularly helpful to first-time buyers.”
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
