Discount Mortgages – New Discount Mortgage From N&P
Discount Mortgages From N&P
Norwich & Peterborough Building Society has launched a package of 2 three-year discounted mortgages.
Both deals are based on a maximum loan-to-value of 75% with a minimum £50,000 loan. It is possible to take payment holidays as long as the required overpayments have been made.
3yrs With Help Upfront
3.15% for 3yrs – based on a discount off the standard variable rate of 2.20%
Product fee – £795
Early redemption charge for 3 years or for overpayments of more than 10% of loan (or £10,000) per year
£200 cashback after completion
3yr Discount
2.95% for 3yrs based on a discount off the standard variable rate of 2.40%
Product fee – £695
Early redemption charge for 3 years or for overpayments of more than 10% of loan (or £10,000) per year
Note that the rates for these discount mortgages are based on the lenders standard variable rate and not the Bank of England base rate, so may increase out of line with the base rate.
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