N&P launch 5 year fixed rate mortgage at 4.49%

N&P (Norwich and Peterborough Building Society) is introducing a new ‘best buy' 5 year 4.49% fixed rate mortgage at 80% LTV - with immediate effect.

Ewan Edwards, head of marketing at N&P, said: "We improved our 3 year fixed rate mortgage range at the end of August, and are pleased to be adding a best buy 5 year fix to our range too.  The new product (at the time of issue) will be the ‘best in the market' at its loan-to-value tier, and will be one of the lowest longer-term fixed rates available in the mortgage market overall."

Main details

4.49% fixed for 5 years
Maximum 80% LTV
£995 product fee
Valuation fee paid by customer
Early repayment charges of 5/5/5/4/3% in 5 years
10% penalty-free per annum capital repayment feature (subject to £10,000 cap).

For more information, visit nandp.co.uk.