Norwich and Peterborough Building Society mortgages 'aimed at stimulating interest'

Date:Tuesday 3rd August 2010
Author: Susanna Kavka

A new range of Norwich and Peterborough Building Society mortgages have been launched, with the aim of stimulating interest among consumers.

This is according to product manager at the firm Richard Barker, who highlighted the new 'loyalty' aspect of the products, which means that the new rates are only available to existing customers.

He stressed that it does not matter which type of financial arrangement an individual has with the company.

The range - which includes a two-year fixed-rate product at 3.64 per cent interest, a three-year fixed-rate deal at 4.19 per cent and several others - is available from today (August 3rd).

"Mortgage demand has been low for the first half of this year, but we are introducing very keen pricing and a special two-year deal that's available to every existing ... customer," said Mr Barker.

Earlier this year, a selection of Norwich and Peterborough Building Society mortgages saw their interest rates reduced, while the possible loan to value of such deals increased.