Launched today, the mortgage is available up to 75% loan-to-value (LTV) and has a £1,295 product fee. It is 0.25% lower than N&P’s previous rate for this mortgage.
For those with a 20% deposit, N&P is offering a two-year fixed rate at 2.29%, and at 90% LTV a three-year fix at 3.49% rate. Both mortgages have a £1,295 product fee.
Richard Barker, mortgages product manager, said: “We have launched these new mortgages to offer a wide variety of customers more choice whether they’re looking to get onto the property ladder, buy a new home or remortgage. We hope these competitive rates, combined with the quality service N&P provides its customers, will prove popular with people looking for a new mortgage.”
Offset mortgages are available on selected products with a rate 0.20% higher than their non-offset equivalents.
Accord launched its five-year fixed rate at 2.59% up to 65% LTV with an £845 product fee, last week.
