Fall in fixed-rate mortgages at N&P

11 November 2004
The interest rate charged on fixed rate mortgages at Norwich and Peterborough Building Society (N&P) has fallen.

There are reductions throughout the range - including the five-year fixed rate Spanish mortgage and the ten-year fixed rate product.

This latest reduction to 5.38 per cent (6.0 per cent APR) means the N&P's ten-year fix is now a market leading product.

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.

"Homebuyers with higher incomes, the five and ten year schemes offer the opportunity to borrow more with the security of knowing that any upward interest rate changes won't affect their monthly repayments."

The domestic mortgage range has no compulsory insurances and allows overpayments from the outset. These overpayments can be used to fund payment holidays and underpayments later on.

To read more about fixed rate mortgages, click here.
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