Richard Barker, product manager at N&P, said: “Mortgage demand has been low for the first half of this year but we are introducing very keen pricing and a special 2-year deal that’s available to every existing N&P customer, regardless of what type of product they have with us. We want to lend more in the second half of 2010 and will offer innovative deals to stimulate interest.”
Fixed Rates
New 2-year fixed rate for existing customers only
• 3.64% fixed for 2 years
• Maximum 85% LTV
• £995 product fee
• Valuation fee paid by customer
• Early repayment charges of 3% in 2 years
• 10% penalty-free capital repayment per annum facility (£10,000 max)
• Existing N&P customers only (any product holding)
New 3-year fixed rate without incentives
• 4.19% fixed for 3 years
• 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)
New 3-year fixed rate with incentives
• 4.59% fixed for 3 years
• 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 5-year fixed rate without incentives
• 4.99% fixed for 5 years
• Maximum 85% LTV
• £995 product fee
• Valuation fee paid by customer
• Early repayment charges of 5/5/5/4/3% in first 5 years
• 10% penalty-free capital repayment per annum facility (£10,000 max)
New 5-year fixed rate with incentives
• 5.24% fixed for 5 years
• Maximum 85% LTV
• £995 product fee
• Free valuation
• Free legal fees or £200 cashback
• Early repayment charges of 5/5/5/4/3% in first 5 years
• 10% penalty-free capital repayment per annum facility (£10,000 max)
Variable Rates
New 3-year discounted rate without incentives
• 2.95% discounted rate for 3 years (2.40% discount off 5.35% standard variable rate)
• Maximum 80% LTV
• Minimum loan £50,000
• £995 reservation fee
• Valuation fee paid by customer
• Early repayment charge of 3% in the first 3 years
• 10% penalty free capital repayment per annum facility (£10,000 max)
• Minimum interest rate floor of 2.75%
New 3-year discounted rate with incentives
• 3.15% discounted rate for 3 years (2.20% discount off 5.35% standard variable rate)
• Maximum 80% LTV
• Minimum loan £50,000
• £995 reservation fee
• Free valuation
• Free legal fees or £200 cashback
• Early repayment charge of 3% in the first 3 years
• 10% penalty free capital repayment per annum facility (£10,000 max)
• Minimum interest rate floor of 3.00%
