Details of 15-year fixed rate mortgage:
• 5.48% fixed until 30/04/2022
• Maximum 90% loan-to-value (LTV)
• £399 reservation fee
• Free valuation
• Free legal fees or £200 cashback
• 3% redemption charge until 30/04/2022
• 10% penalty-free capital repayment per annum allowed (max £10,000)
• Flexible features apply
Details of 20-year fixed rate mortgage:
• 5.28% fixed until 30/04/2027
• Maximum 90% LTV
• £399 reservation fee
• Free valuation
• Free legal fees or £200 cashback
• 3% redemption charge until 30/04/2027
• 10% penalty-free capital repayment per annum allowed (max £10,000)
• Flexible features apply
Richard Barker, product manager for N&P, said: “With the Bank of England Base Rate having risen twice in the last few months and talk of a potential further rise soon, people are looking to longer-term fixed rates for the security of knowing what their payments will be each month. In addition, as our mortgages have flexible features and are portable to another property if customers move house, people don’t have to worry about changes in their personal situation over the term of the mortgage.”
