N&P announces mortgage rate cuts

06-Sep-2006

First time buyers looking for long-term stability could now benefit from the new rates, which apply on N&P's UK and Spanish five and ten-year fixed-rate mortgages.

Richard Barker, N&P's product manager, said: "Following recent reductions in money market rates, we're pleased to be reducing our five and ten-year fixed rate mortgages for customers.

"Our new 5.18 per cent five-year fixed rate is currently one of the lowest in its category and represents a great deal for customers looking for longer-term rate stability."

In addition to the five-year fixed-rate reduction, first time buyers could benefit from a ten-year fixed rate which is down from 5.58 per cent to 5.28 per cent.

The mortgages also offer flexible features, such as allowing overpayments from the outset, making them attractive to first time buyers.

Overpayments can be used to fund holidays, or can be drawn on during periods of underpayment.

In addition to mortgages, N&P offers a range of financial services including share dealing and independent financial advice.

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