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Sep 11, 2006
Norwich and Peterborough Building Society
(N&P) has significantly reduced the rates on its five- and ten-year
mortgage products effective immediately. As a result, the society’s five-year
fixed rate scheme comes down from 5.44 percent to 5.18 percent; 5.84 percent to
5.58 percent; and 5.68 percent to 5.44 percent.
N&P’s ten-year
mortgage products now also offer similar savings with the new rates. In
addition, N&P’s first-time buyer mortgage rate for a five-year deal is now
reduced from 6.38 percent to 6.18 percent, resulting in even more savings for
individuals looking to purchase their first home.
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