N&P long-term fixed-rate mortgages rolled out
www.moneynews.co.uk > Mortgages > N&P long-term fixed-rate mortgages rolled out
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Money News |
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N&P long-term fixed-rate mortgages rolled out
Wed 28th Feb 2007
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From March 2nd, the group will be rolling out the N&P 15-year fixed-rate mortgage as well as a similar package for 20 years.
The mortgages will have respective interest rates of 5.48 and 5.28 per cent, with both possessing loan-to-value (LTVs) of up to 90 per cent.
For a £399 reservation fee, both packages also allow for free valuations and free legal fees or £200 cashback.
Richard Barker, product manager for the group, advised that consumers take on an N&P long-term fixed-rate mortgage to negate the possibility of further interest rate rises.
"In addition, as our mortgages have flexible features and are portable to another property if customers move house, people don't have to worry about changes in their personal situation over the term of the mortgage," he said.
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