N&P re-enters 10-year fixed market
The mortgage is available at a rate of 3.99% on loans up to 75% loan to value and has a product fee of £295.
The lender claims the new product will be the cheapest on the market; it will be available from 12 February.
Richard Barker, N&P product manager, said: “We are delighted to launch this new product and it is one we are confident will be well received in the market.
“We know there is an appetite for longer-term products and current swap rates have allowed us to look at our mortgage provision and offer this excellent product.
“We know that this competitive rate will be welcome news for those who wish to fix for a longer period of time particularly as 10-year fixed rate products are rare overall within the mortgage market.”
Remortgaging customers will also be able to advantage of N&P’s free valuation offer and free legal fees or cash-back options.