Norwich & Peterborough launches its lowest-ever 5-year fix

Direct-only Norwich & Peterborough Building Society has launched its lowest-ever five-year fixed rate mortgage at 2.28 per cent.

It has a £1,295 fee and is available to borrowers with a 35 per cent deposit.

N&P mortgages manager Richard Barker says: “Our priority is to help people to buy the home they want and we are proud to offer our lowest ever five-year fixed rate at 2.28 per cent.

“This new mortgage is part of Norwich & Peterborough’s wide range which aims to help all types of borrowers, including those with larger or smaller deposits, first time buyers and those who want to remortgage or buy a new property.”