Norwich and Peterborough launches 3-year fix

The society is also offering a 2-year fix at 1.74% and a 5-year fix at 2.99% to 75% LTV with a £195 fee.

Richard Barker, the society’s mortgage product manager, said: “These mortgages are designed to be popular to a variety of borrowers.

“We always aim to offer our customers choice and value, with competitive fees and rates no matter the size of deposit or loan.

“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.”

First-time buyers can take out a 4.49% 2-year fix at 95% LTV with an £845 fee, while to 80% LTV the society offers a 2-year fix at 1.94% with a £1,295 fee.