N&P 3 year tracker mortgage is the best
Since my post yesterday Woolwich cuts mortgage rates this has popped up..
Norwich and Peterborough have pipped Woolwich to the post with a market leading (at the time of this post!) interest rate on it’s 3 year tracker mortgage. The base rate tracker is just 0.70 per cent above base rate which means you’d currently be paying 5.70 per cent for 3 years, then the rate reverts to the N&P’s standard variable rate which is currently 7.05 per cent - of course you just switch mortgage lenders at this point!
Hurry though! John Willcock, N&P’s head of product marketing, said: “With a market-leading rate, a free valuation and cash back or free legal fees on offer, we’re confident that this is a very attractive option for anyone currently looking to buy or remortgage. Anyone interested should contact their local branch, or call our Contact Centre on 0845 300 2522 as soon as possible. Unfortunately with the current market changing constantly, as with other lenders, we can’t guarantee how long the product will be available.”
- Maximum 85% loan to value
- £599 reservation fee
- Free valuation
- Free legal fees or £200 cash back for re-mortgage customers, £200 cash back for purchase customers
- Redemption charges of 3% in 3 years
- 10% penalty-free capital repayment per annum facility available (subject to £10,000 cap)