The Society is also reducing rates on its additional borrowing range, for customers who would like to borrow more on their existing N&P mortgage, maybe to improve their current home rather than move.
Richard Barker, mortgage product manager at N&P, said: “Following the recent launch of our ‘best buy’ fixed rate mortgages – three years at 3.94 per cent and five years at 4.99 per cent – we’re pleased to be able to complement these with a choice of two discounted rate products too. The new products (at the time of issue) are both ‘best in the market’ at their respective loan-to-value tiers, and support the Society’s aim to increase its mortgage lending through the rest of the year and into 2011.”
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