"...priced at 2.93% it is the lowest five-year fixed deal requiring a 10% deposit.""
According to the lender, it is available for purchase or remortgage and has a £1,295 product fee.
Richard Barker, Product Manager for Norwich & Peterborough Building Society, commented on the launch: “We’re delighted to launch this mortgage, which we think will prove extremely popular with first-time buyers. As a mutual with no shareholders, we are able to look after the interests of our members by using our profits to offer competitive rates."
Rachel Springall, Finance Expert at Moneyfacts, had this to say: “Anyone looking to secure a low fixed mortgage rate over the longer term will be delighted by this new deal from Norwich & Peterborough Building Society, priced at 2.93% it is the lowest five-year fixed deal requiring a 10% deposit."
