Norwich and Peterborough Building Society Bank Base Rate Tracker mortgage launched

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Norwich and Peterborough Building Society Bank Base Rate Tracker mortgage launched

A new base rate tracker mortgage product has been launched by Norwich and Peterborough Building Society.

The Bank of England base rate is currently set at 4.5 per cent and the Norwich and Peterborough Building Society Bank Base Rate Tracker mortgage will have a rate of 4.74 per cent.

Available on mortgages up to 75 per cent loan to value the offer has no early repayment charges and no application or valuation fees.

Richard Barker, product manager at Norwich and Peterborough Building Society, said: "Unlike many other tracker products in the market, ours has no early repayment charges so borrowers can switch, or pay off their mortgage, at any time without penalty."

"As a regional, independent building society, we continue to attract growing numbers of customers from other mortgage lenders," he added.

Norwich and Peterborough Building Society also offers discount and fixed rate mortgage products.

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