Richard Barker, product manager at N&P, said:
"We improved our mortgage range at the beginning of August, and are happy to be doing so again now. These changes mean that (at the time of issue) we'll be offering the lowest 85% LTV 3 year fixed rate mortgage available at 3.94%, and a ‘best buy' 75% LTV 3 year fixed at 3.64%.
"We hope that these offers will appeal to people looking to buy their own home or to remortgage, and who want a competitive deal."
3 year fixed rate without incentives:
- Rate reduced from 4.19% to 3.94%
- Maximum 85% LTV
- £995 product fee
- Valuation fee paid by customer
- Early repayment charges of 3% in 3 years
- 10% penalty-free capital repayment per annum facility (£10,000 max)
3 year fixed rate with incentives:
- Rate reduced from 4.59% to 4.24%
- Maximum 85% LTV
- £995 product fee
- Free valuation
- Free legal fees or £200 cashback
- Early repayment charges of 3% in 3 years
- 10% penalty-free capital repayment per annum facility (£10,000 max)
New 3 year fixed rate without incentives:
- 3.64% fixed for 3 years
- Maximum 75% LTV
- £995 product fee
- Valuation fee paid by customer
- Early repayment charges of 3% in 3 years
- 10% penalty-free capital repayment facility per annum (subject to £10,000 cap).
