Norwich Union launch 4.49% discount

Norwich Union, in conjunction with Norwich and Peterborough Building Society, has launched a new mortgage offering an exclusive 4.49% discounted rate for three years.

The deal also offers a number of other benefits such as:

o 1.2 per cent discount for three years &#45 initial pay rate for 4.49%

o No arrangement fee or booking fee

o Free valuation

o £250 cashback for house purchase available up to 95% loan to value

o Free legal fees on freehold properties for remortgages up to 90% loan to value

o £250 cashback will be paid for remortgages on leasehold properties

o No mortgage indemnity premium to 90%

o Early redemption charge is six months interest during first three years

Head of Norwich Union&#39s mortgage development, Jon Round, comments, “This mortgage represents excellent value for borrowers. In addition to a 1.2% discount for three years, IFAs can save their clients additional fees with all the added benefits that this deal has to offer.”