Norwich & Peterborough cuts rates

The deal comes with a £995 product fee and valuation fees to be paid by the borrower. Early repayment charges of 3% are applied in the first two years and there is a 10% penalty-free capital repayment per year facility subject to a £10,000 cap.

Richard Barker, mortgage manager at N&P, said: “This reduction in our 2-year fixed rate mortgage is very good news for those looking to move home in the New Year.

“We are continually looking to offer a good deal, and these changes mean that N&P is now offering the lowest 2 year fixed rate currently available for those with a 15% deposit.”