Two Year Fixed Rate Mortgage Schemes:
* New rate – 5.28% (previously 5.33% / 90% LTV) – APR 6.7%
(Redemption charge 3% of balance outstanding in first two years)
* New rate – 5.64% (previously 5.68% / 90% LTV) – APR 6.8%
Free valuation and free legal fees or £250 cashback
(Redemption charge 3% of balance outstanding in first two years)
Three Year Fixed Rate Mortgage Schemes:
* New rate – 4.49% (previously 4.74% / 90% LTV) – APR 6.4%
(Redemption charge 5% of balance outstanding in years 1-3; 4% in year 4; 3% in year 5)
* New rate – 4.74% (previously 4.99% / 90% LTV) – APR 6.4%
Free valuation and free legal fees or £250 cashback
(Redemption charge 5% of balance outstanding in years 1-3; 4% in year 4; 3% in year 5)
Four Year Fixed Rate Mortgage Schemes:
* New rate – 5.44% (previously 5.64% / 90% LTV) – APR 6.5%
Free energy rating survey. (Redemption charge 4% of balance outstanding in years 1-3; 3% in year 4)
* New rate – 5.58% (previously 5.79% / 90% LTV) – APR 6.6%
Free energy rating survey, free valuation and free legal fees or £250 cashback
(Redemption charge 4% of balance outstanding in years 1-3; 3% in year 4)
Five Year Fixed Rate Mortgage Schemes:
* New rate – 5.44% (previously 5.58% / 90% LTV) – APR 6.5%
(Redemption charge 5% of balance outstanding in years 1-3; 4% in year 4; 3% in year 5)
* New rate – 5.58% (previously 5.74% / 95% LTV) – APR 6.5%
Free valuation and free legal fees or £250 cashback
(Redemption charge 5% of balance outstanding in years 1-3; 4% in year 4; 3% in year 5)
* New rate – 5.84% (previously 5.98% / 95% LTV) – APR 6.6%
(Redemption charge 5% of balance outstanding in years 1-3; 4% in year 4; 3% in year 5)
* New rate – 6.19% (previously 6.34% / 95% LTV) – APR 6.8%
Only available to first-time buyers through branches and the Contact Centre Free valuation and free legal fees or £250 cashback
(Redemption charge 5% of balance outstanding in years 1-3; 4% in year 4; 3% in year 5)
Offset Five Year Fixed Rate Mortgage Schemes (followed by BBR +0.9% for remainder of mortgage term):
* New rate – 6.09% (previously 6.24% / 90% LTV) – APR 6.1%
(Redemption charge 5% of balance outstanding in years 1-3; 4% in year 4; 3% in year 5)
* New rate – 6.24% (previously 6.39% / 90% LTV) – APR 6.1%
Free valuation and free legal fees or £250 cashback
(Redemption charge 5% of balance outstanding in years 1-3; 4% in year 4; 3% in year 5)
Ten Year Fixed Rate Mortgage Schemes:
* New rate – 5.48% (previously 5.57% / 90% LTV) – APR 6.1%
(Redemption charge 5% of balance outstanding in years 1-7; 4% in year 8; 3% in year 9 and 2% in year 10)
* New rate – 5.73% (previously 5.82% / 95% LTV) – APR 6.3%
(Redemption charge 5% of balance outstanding in years 1-7; 4% in year 8; 3% in year 9 and 2% in year 10)
* New rate – 5.58% (previously 5.67% / 90% LTV) – APR 6.2%
Free valuation and free legal fees or £250 cashback
(Redemption charge 5% of balance outstanding in years 1-7; 4% in year 8; 3% in year 9 and 2% in year 10)
Gary Lacey, N&P’s group product manager, said: "In recent weeks, money market rates have fallen which has enabled us to reduce rates on the majority of our fixed rate products. Our longer term fixes are currently among the most attractive in the market and could be ideal for borrowers who are looking for long-term security on their monthly mortgage payments."
Main details for all above-mentioned products:
* Minimum loan £1,000 - maximum negotiable
* No compulsory insurances
* Flexible features available - overpayments allowed from the outset; any overpayments made can be used to fund payment holidays and underpayments
* All portable during the fixed rate period if the customer wishes to move home
* £345 reservation fee / £399 reservation fee on 10 year schemes
* For more details, customers should call into their local branch or contact the Society’s Contact Centre on 0845 300 2522. N&P’s website is www.npbs.co.uk
SPANISH FIXED RATES
* New rate – 3.99% fixed for two years (previously 4.29%) – APR 6.7%
* New rate – 5.74% fixed for five years (previously 5.99%) – APR 6.8%
Main details for both Spanish products:
* N&P will lend up to 75% of the property valuation.
* Minimum purchase price (or valuation) - £60,000
* Maximum loan – negotiable, repayable over up to 20 years.
* £250 reservation fee
* Redemption charge of 5% of outstanding balance in the first three years, 4% in year four and 3% in year five
* The mortgage advance will be in Sterling and repayments must be made by direct debit in Sterling from a UK building society or bank account
* Valuation/application fee - from £375 (according to valuation)
* Minimum loan £1,000 – maximum negotiable
* For details, customers should call into their local branch or call 0845 300 2522
Other Spanish Home Loans available include a standard variable rate (currently 6.75%), and a tracker mortgage (UK Bank Base Rate + 0.24% in years 1 - 2, followed by Bank Base Rate + 1.25% in years 3 - 5, followed by the standard variable rate.
