N&P forced to withdraw 3.99% 10-year fixed

Norwich & Peterborough Building Society has been forced to pull its 3.99 per cent 10-year fixed rate mortgage due to high levels of demand.

The lender will withdraw the product at the end of the day, although it says all customer appointments with its own mortgage advisers will be honoured.

The product is the lowest ever 10-year fixed rate on the market.

N&P product manager Richard Barker says: “In order to maintain our high standards of customer service, we have reluctantly taken the decision to withdraw the product but, in the face of such interest from borrowers, hope to be able to return with a similarly competitive product in the future.”