For instance its two-year fixed rate of 3.99% is now fixed at 3.78%; its 3.69% rate has changed to 3.14%; and its five-year 4.68% fix has changed to 4.53%.
Commenting on the move, Gary Lacey, N&P’s group product manager, said: “These reductions mean that N&P is offering some of the most attractive fixed rates in the current mortgage market with many of the schemes offering extra incentives to borrowers. This is great news for customers who are keen to keep their monthly repayments locked into an attractive interest rate. And for homebuyers with higher incomes, the five year scheme offers the opportunity to borrow more with the security of knowing that any upward interest rate changes won't affect their monthly repayments.”
