View more on these topics

N&P launches three-year fixed rates

Portfolio-Fixed-Income-Bonds-Currency-UK-700x450.jpg

Norwich & Peterborough Building Society (N&P) has launched a range of new three-year fixed rate mortgages at 65 per cent, 75 per cent and 85 per cent loan-to-value (LTV).

Borrowers with a 35 per cent deposit can access a three-year fixed rate mortgage at 1.73 per cent.

For those borrowing more, N&P has launched a 1.92 per cent three-year fixed rate at 75 per cent LTV, or a 2.08 per cent three-year fixed rate at 85 per cent LTV.

All of the mortgages are available to those buying a home or remortgaging and have a £1,475 product fee.

Norwich & Peterborough Building Society mortgage product manager Richard Barker says: “We always try to offer borrowers a range of options and good, long-term value for money.

“Our new three-year fix range will give borrowers looking for security during a time of uncertainty the reassurance of fixing their mortgage repayments at a competitive rate for the next 36 months.”

Moneyfacts finance expert Rachel Springall says: “With interest rates so low, borrowers would be wise to overpay their mortgage when they can comfortably afford to do so to reduce the term of the loan.

“Applicants must work out the true cost of any mortgage deal before entering any arrangement and be comfortable with fixing for the initial period.”

Recommended

Martin-Reynolds-Close-700x450.jpg

SimplyBiz signs PMI referral deal with Medisurance

SimplyBiz Mortgages is today launching a private medical insurance referral service for its members with PMI brokers Medisurance. The service will help members place both group and individual schemes with Medisurance. The scheme will give support and cover for all regulatory requirements. The proposition will include both initial and renewal commission. SimplyBiz Mortgages chief executive […]

Editor’s Note: Be careful what you wish for

The shockwaves of the Brexit vote are still being felt and political reshuffling and resignations are ongoing. All eyes have been on the stockmarket as a barometer of sentiment, but the housing market will be another important, though lagging, indicator of public and investor confidence. In fact savvy buyers will be keeping an eye on […]

George-Osborne-Tory-Conference-700x450.jpg

Osborne to slash corporation tax to less than 15%

Chancellor George Osborne is to cut corporation tax from 20 per cent to less than 15 per cent in an attempt to win back investors’ business confidence following the Brexit vote. Osborne says Britain must show the world it is “still open for business” and outlined a new five-point plan to build a “super competitive […]

WSB Awards announces Johnson Fleming as 2016 finalists

Johnson Fleming has been announced as a finalist in two categories at the Workplace Savings and Benefits Awards: Employee Benefit Consultant of the Year and Financial Education Provider of the Year. The awards recognise the best providers, based on their ability to help employers and their employees in their provision of employee benefits and workplace pensions. Caroline Hope, marketing manager for […]

9 October thumbnail

Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.