A new and more affordable fixed rate mortgages are being offered by N&P for up to 85% Loan to Value in maximum.  The first mortgage is fixed for 2 years at 3.99% and a 3 year fixed at 4.58%.  The interest rate of the mortgage has been reduced to 0.3% that allows an almost £1,500 savings over the 3 years fixed rate contract for an interest only mortgage of £150,000 against the previous contract of 4.88% interest rate.  A penalty free capital repayment of 10% is allowed for a client every year that is subject to a £10,000 cap; or else an early repayment charge is necessary.

Excerpt:

“N&P has two new cheaper fixed rate mortgages available for up to 85% Loan to Value (LTV).”

Original article can be found at:

http://www.moneyhighstreet.com/mortgage-news/cheaper-fixed-rate-mortgages-np/

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