N&P launches very competitive mortgage scheme

Norwich & Peterborough Building Society has launched a highly competitive three-year mortgage available to borrowers with deposits of 40% and over.

This deal, available to purchase and remortgage borrowers, offers a rate of 2.49% fixed for three years and has a maximum loan-to-value of 60%.

An arrangement fee of £295 is payable, either upfront or added to the mortgage advance.

A free valuation is offered to all borrowers, whilst those looking to purchase will receive a £200 rebate. Remortgage borrowers can take advantage of free legal fees.

Flexible features, such as overpayments, underpayments and payment holidays are available.