Norwich & Peterborough Two-Year Discounted mortgage available

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Norwich & Peterborough Two-Year Discounted mortgage available

A Norwich & Peterborough Two-Year Discounted mortgage is currently available to borrowers, with an introductory interest rate of 3.3 per cent.

This rate will run for two years, at which point the interest level will revert to the lender's standard variable rate – currently 6.3 per cent – for the remaining term of the mortgage.

The overall cost for comparison for this offer is 5.9 per cent annual percentage rate, reports product website Mortgage Introducer.

An early repayment charge will come into effect if any or all of this mortgage is repaid in the first five years of the term.

A valuation fee of £220 applies to the Norwich & Peterborough Two-Year Discounted mortgage, although there are no arrangement fees.

The Norwich & Peterborough Building Society has over 50 branches throughout the UK and also has an insurance-broking division.

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