The Norwich and Peterborough offset tracker mortgages launched

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The Norwich and Peterborough offset tracker mortgages launched

Norwich and Peterborough Building Society has added two new offset tracker mortgages to its product range which are available immediately.

Both of the mortgages are offset with the Norwich and Peterborough Gold Current Account and offer a free valuation and legal fees.

The Norwich and Peterborough Building Society offset tracker mortgages offer a maximum loan-to-value of 90 per cent as well as rates of either 0.44 per cent or 0.59 per cent over the base rate for the term of the mortgage.

Richard Barker, Norwich and Peterborough's mortgage product manager, remarked: "These two new offset mortgages compare very well with what's currently available. The new products track the bank base rate for the term of the mortgage, ensuring that our customers benefit from a long term competitive rate of interest."

"And our offset customers like their flexibility and the opportunity to save on the amount of interest paid and potentially pay off their mortgage earlier," he added.

The Norwich and Peterborough offset mortgage works by using cash in other accounts such as the Gold Current Account to decrease what is owed on a mortgage.

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