The Norwich & Peterborough Building Society (N&P) has cut the rate on two of its low-fee fixed rate mortgages.
The mutual’s two-year fixed rate mortgage has been cut from 2.19% to 1.99% and the five-year fixed rate mortgage has fallen from 2.74% to 2.59%.
Each mortgage is available for loans up to 65% LTV (loan to value) and has a product fee of £295.
“Our low-fee mortgages have been proving especially popular with borrowers in recent months,” said N&P product manager Richard Barker.
“In addition to best buy rates, these latest fixed rate deals come with incentives such as a free valuation and either free legal assistance or £200 cashback.”