N&P launches new fixed and discounted mortgage rates

N&P (Norwich and Peterborough Building Society) is launching fixed and discounted rate products with lower rates and introducing - for the first time at N&P - a "loyalty" mortgage for customers who hold any other product.

The new rates will be amongst the "best in the market" on a like-for-like loan to value (LTV) basis.  The new products will be available from today, Tuesday 3rd August 2010.

Richard Barker, product manager at N&P, said:  "Mortgage demand has been low for the first half of this year but we are introducing very keen pricing and a special 2 year deal that's available to every existing N&P customer, regardless of what type of product they have with us.  We want to lend more in the second half of 2010 and will offer innovative deals to stimulate interest."