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Norwich & Peterborough – 2.15% Five-Year Discount

Norwich & Peterborough

2.15% Five-Year Discount

Type: Discounted-rate mortgage

Discounted term: Five years

Discount: 2.15%

Payable rate: 5.34%

Minimum loan: £20,000

Maximum loan: Up to 90% of valuation subject to a maximum of £500,000, up to 85% of valuation subject to a maximum of £1m, up to 80% of valuation subject to a maximum of £2m

Income multiples: Up to four times principal income plus second or 2.9 times joint

Conditions: Capital repayments of up to 10% a year allowed without penalty

Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals, interest calculated daily

Arrangement fee: £599

Redemption fee: 3% of mortgage balance in the first five years

Introducer’s fee: Refer to lender

Tel: 0845 300 3444


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