Norwich & Peterborough Building Society has cut rates across its fixed mortgage portfolio by 0.6 percentage points.
In the 75 per cent loan-to-value range, customers can get a two-year fixed rate at 1.74 per cent, a three-year rate at 2.29 per cent or a five-year rate at 2.99 per cent, all coming with a product fee of £195.
Norwich & Peterborough, which is part of Yorkshire Building Society, is offering a 1.94 per cent two-year fix at 80% LTV and a product fee of £1,295.
For first-time buyers with a very low deposit of 5 per cent, there is a two-year offer at a 4.49 per cent fixed rate and a fee of £845.
“There is a good variation across the range in fees and rates, as well as reductions which will specifically help first-time buyers make the step towards owning their own home, so we’re hoping there will be something which will appeal to every type of homeowner, ” Richard Barker, mortgage product manager of Norwich & Peterborough, said.
This latest round of rate cuts comes less than a week after the building society reduced the rates on a range of its five- and three-year fixed mortgages for customers with deposits of 10, 20 and 25 per cent.
