N&P launches new low 3-year fixes

Norwich & Peterborough Building Society has announced that it has launched a trio of the lowest three-year fixed rate mortgages currently available to borrowers at 65%, 75% and 85% loan-to-value.

N&P is offering borrowers with a 35% deposit a three-year fixed rate mortgage at 1.73%. For those borrowing more, N&P also offers a 1.92% three-year fixed rate mortgage at 75% LTV, or a 2.08% three-year fixed rate mortgage at 85% LTV.

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

Richard Barker, Mortgage Product Manager for N&P, had this to say: “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.”