Richard Barker, product manager for N&P, said: “Following recent movements in money market rates, we’re pleased to be able to reduce the rates on two of our ten-year fixes, and to offer our customers new rates of 5.31 per cent and 5.38 per cent. Following the launch of our first ever 15 and 20-year fixed rate mortgages last week, anyone looking to fix their repayments for a longer period should pop in to one of our branches or call our contact centre to see how we can help.”
Details of N&P’s enhanced ten-year fixed rate products:
• 5.31 per cent fixed rate for ten years (reduced from 5.44 per cent)
• Maximum 90 per cent LTV
• £399 reservation fee
• Valuation fee paid by applicant
• Redemption charges of 5 per cent in the first seven years, then 4 per cent/3 per cent/2 per cent in the last three years
• Flexible features apply
Or
• 5.38 per cent fixed rate for ten years (reduced from 5.64 per cent)
• Maximum 90 per cent LTV
• £475 reservation fee
• Free valuation
• Free legal fees or £200 cashback
• Redemption charges of 5 per cent in the first seven years, then 4 per cent/3 per cent/2 per cent in the last three years
• Flexible features apply
