Norwich &  Peterborough BS Deals

Norwich & Peterborough BS Deals & Discounts

4 hot deals
5 Year Fixed Rate Mortgage, 2.74% with just a £195 fee (75% LTV) at Norwich & Peterborough
298°Expired
Found 19th Mar 2015Found 19th Mar 2015
Have spent the last 2 hours looking at various rates, as far as I can see this is the best deal out there for a fixed 5 year mortgage with a LTV above 65% that also has a low to no… Read more

isla123

Most mortgages are portable so you don't need to worry about ERC



Last time I sold 6 months before my house purchase or I would have lost my buyer, so would not have been able to port.

Anyway I have decided on a 2 year loyalty tracker with Santander. 1.39% with £495 fee, and no ERC other than repay legal/valuation fees they paid for.
Edited by: "delusion" 2nd Apr 2015

There is a charge (£350.00) for valuation on this mortgage.

So in total, your fees will be a minimum of £545.00.

My product finishes the end of august. Is it too early to apply now. Intending on going for the 2.19 fix with first direct then once it goes thru go for the 1.79 tracker . if it looks like there is going to be a hike get back to a fix again. Thoughts....?

WalkerboyUK

As for zero and negative rates - this country will implode if that ever … As for zero and negative rates - this country will implode if that ever happens. Banks will crumble because people will just outright stop putting money in accounts that pay no interest at all.



If you say so.

'You can't taper a ponzi scheme'

delusion

Yes I expect it will, but with arrangement fee and early repayment fee it … Yes I expect it will, but with arrangement fee and early repayment fee it could be around £4k total depending on the lender. I may not lose that much just staying on a standard rate even if it's 4 or 5% until I sell. Wasn't sure if there were options I hadn't considered.



delusion

I'm due to remortgage soon to avoid the standard rate, and value of my … I'm due to remortgage soon to avoid the standard rate, and value of my property has increased (from 80 to 65% LTV). I also plan to sell within 2 years and so expect an early repayment fee (which is usually at least 1-2% of balance), really struggling with what my options are in this scenario.


Most mortgages are portable so you don't need to worry about ERC
Newsletter
Deal Alerts!
Want the hottest deals in your inbox?
Subscribe to receive an overview of the hottest deals posted each day.
HotUKDealsPromo
NandP 2 year fixed rate mortgage 1.89% with £195 fee for <65% LTV. Norwich and Peterborough
221°Expired
Found 23rd Oct 2014Found 23rd Oct 2014
Even better than the last time I post a deal, feel hard done by with my present 2.19% NandP fixed that ends in May Current rates effective from 17/09/2014 - Apply in branch - Ap… Read more

is the product fee of £195 additional to the set up fee?

onthecheap

I'm a Santander current account customer, they are offering a 5 yr fix at … I'm a Santander current account customer, they are offering a 5 yr fix at 2.99% @ 70LTV £495 product fee. How does that compare over a 5 year period, do people think rates will up that much in the next 2-3 years?



If you have the 3-2-1 account (which is free to move and you keep the same account number) they give you 1% cashback on monthly Santander mortgages, as well as 1% cashback on council tax, water, phone, broadband, tv monthly payments.

Original Poster

roadrunner1

2 year fix. So basically it will end just as the interest rates start to … 2 year fix. So basically it will end just as the interest rates start to ride then.



People said that 7 years ago,, ooohh dont take a 2 year fix out as rates will go up... still 0.5% and government cant afford for Base rate tyo go up as it will increase repossessions.. not a good tool for attracting votes


Cant see Base rate moving above 2% in the next 5 years.. I work in finance and long term borrowing cost sensitivity is regularly getting reduced on long term outlook

so how much does your salary need to be in order to qualify for this mortgage?

Original Poster

onthecheap

I'm a Santander current account customer, they are offering a 5 yr fix at … I'm a Santander current account customer, they are offering a 5 yr fix at 2.99% @ 70LTV £495 product fee. How does that compare over a 5 year period, do people think rates will up that much in the next 2-3 years?


So many people have too high mortgages that it'll be years before proper rises back to 4 or 5%

Imagine sone one on a £200k mortgage and base rate goes to 4.5%

Could they really find an extra £8 per year £666.66 a month

Country can't afford the consequences

N&P (Norwich and Peterborough Building society, 2 year fixed rate mortgage 1.99% with £195 fee, 65% LTV, nmuch better than HSBC deal
323°Expired
Found 3rd Sep 2014Found 3rd Sep 2014
Describe the deal in your own words and explain to members why it is a good deal! Please don't just paste in marketing text or specs. Remember: this is a community site, self-pro… Read more

I've just found the details of the fees on the website here and confirmed speaking to one of their advisors.

There is a £90 non refundable booking fee retained by N&P and the valuation fees are as follows
Up to £75,000 £142
£75,001 - £100,000 £154
£100,001 - £150,000 £188
£150,001 - £200,000 £224
£200,001 - £250,000 £260
£250,001 - £350,000 £301
£350,001 - £500,000 £383

So for particularly large mortgages (over 300k) this deal might make sense but for the rest of us the HSBC deal is the better option. The initial post should also be update to reflect this as at the moment it's misleading not to include all the fees.
Edited by: "myOpinion2" 9th Sep 2014

myOpinion2

The OP has missed the valuation fee, while I can't see what this is on … The OP has missed the valuation fee, while I can't see what this is on the N&P site it is likely to more than wipe out the savings made over the HSBC deal that has free valuation. The fact that these fees are hidden would also put me of this deal.

2 YEAR FIXED RATE MORTGAGE - SUMMARYVIEW THE FULL DETAILSBorrow up to 65% … 2 YEAR FIXED RATE MORTGAGE - SUMMARYVIEW THE FULL DETAILSBorrow up to 65% of the property value or purchase price (subject to criteria)Repayments are fixed for the first 2 yearsOption to overpay or underpay (subject to terms and conditions)Early repayment charges may applyMinimum loan £25,001Valuation fee paid by customer New borrowers only



Are sure their website says the following

Edited by: "myOpinion2" 8th Sep 2014

Original Poster

myOpinion2

The OP has missed the valuation fee, while I can't see what this is on … The OP has missed the valuation fee, while I can't see what this is on the N&P site it is likely to more than wipe out the savings made over the HSBC deal that has free valuation. The fact that these fees are hidden would also put me of this deal.


Valuations are free

The OP has missed the valuation fee, while I can't see what this is on the N&P site it is likely to more than wipe out the savings made over the HSBC deal that has free valuation. The fact that these fees are hidden would also put me of this deal.

garryspight

Hmm will stay on my 1.49% tracker which is years old now



If you're on 1% above BOE base rate tracker mortgage you'd be mad to even swop for a cheaper modern mortgage, as most now track against the banks own SVR. I'd be extremely wary about such mortgages unless you have the equity/earnings to walk to another provider should the bank decide to squeeze some more money out of you by raising the SVR. Santander did exactly that in 2012, raising rates by 0.5%, ignoring BOE rate and the fact we were smack bang in a still faltering economy
10 year fixed rate mortgage 3.84%, up to 75% LTV, no product fees, N&P
758°Expired
Found 30th Dec 2014Found 30th Dec 2014
With interest rates expected to increase in the next couple of years (and mortgages rates likely to rise in anticipation) now might be a good time to consider moving to a fixed rat… Read more

323157

Unemployment will drop below 7 percent far faster than 2016. Likely to … Unemployment will drop below 7 percent far faster than 2016. Likely to hapen in 2014.



Let's hope so for the sake of all those unemployed, especially those who are very skilled but still finding it hard to land a decent job.

blueroo

It would be worth about £30k more?



and you'd be stuck on a 10 year fixed rate and not be able to take advantage of reduced LTV deals

solid

I must have missed a few posts - is this Karl's Mortgage … I must have missed a few posts - is this Karl's Mortgage Calculator?http://www.drcalculator.com/mortgage/uk/



Yup! It's a great tool to assist with financial planning.

I've not read all the previous comments, but will just give you my very recent experience.

I started 2013 off just fine, two weeks later I had a bit of an itchy forehead which to cut a long story very short was officially diagnosed in June as multiple sclerosis. I'd just taken out a 5 year fixed HSBC mortgage and as a result of being covered by critical illness insurance was able to pay my mortgage off BUT had £5k+ early repayment fees.

I know my story won't happen to many people but just wanted to point out that you just don't know what is round the corner.
5 year fixed mortgage @ 2.59 with £295 product fee 65% LTV @ nandp
96°Expired
Found 19th Jul 2013Found 19th Jul 2013
Probably the best 5 years deal if you've got 35% deposit for new purchases or if remortgaging and your property less than 65% LTV Only •£295 product fee •Free valuation •Free leg… Read more

I am interested in taking this deal, has anyone experienced their service??

They don't lend much though...

Part of YBS. The second highest society in the UK.

It is portable but my goal is to use the lower rate to ovepay and reduce my remaining term. They have charges for that which makes it slightly less appealing.

Fee is good but check the terms if additional tie in or overpayment restrictions. Check if portable also.
WhatsApp Alerts!
Deal Alerts!
Want the best deals & vouchers instantly via WhatsApp?
Free
WhatsApp Notification
HotUKDealsPromo
Yes!
HotUKDealsPromo
Yes!
Oops! Looks like we couldn't connect 😢 Please try again!
HotUKDealsPromo
HotUKDealsPromo
Important!
To sign up: add to your mobile contacts, then text us 'Start' via WhatsApp
HotUKDealsPromo
HotUKDealsPromo
Norwich and Peterborough Mortgage. 5 Year Fixed Rate Mortgage, 2.59%, 65% LTV. Free valuation and legal fees. £295 Product Fee.
78°Expired
Found 15th Jul 2013Found 15th Jul 2013
Another cracking Mortgage deal from Norwich and Peterborough Building Society: 5 Year fixed rate; 2.59%; 65% LTV; Free Valuation; Free Legal Fees; £295 Product Fee. I know not fo… Read more

I am interested in taking this deal, has anyone experienced their service??

I started the ball rolling on this one seeing as the First Direct one has expired. Worth noting there is a £160 admin fee to pay if you decide to switch lender after the 5 year term.

I have just gone with the Tesco 2.49% fixed for 5 years, you need 40% deposit, £1500 fees, but you can overpay upto 20% of the balance each year without penalty, a good deal for overpayers

HSBC were doing a 5 year fixed at 2.95% with absolutely no fees recently, plus it's valid in Scotland.

For a five year fix that is a great rate.
Norwich and Peterborough 5 Year Fixed Rate Mortgage 2.74%. 60% LTV. Free valuation and legal fees.
56°Expired
Found 20th Jun 2013Found 20th Jun 2013
I feel that the time to switch to a fixed rate mortgage is approaching and I have found this pretty good deal from the Norwich and Peterborough Building Society: 5 Year fixed rate… Read more

What might be wrong with using a building society?

Banned

is it safe to have your mortgage with a building society?

Banned

Excellent deal, shame I am stuck in my current fixed deal for a couple more years or I'd be switching tommoz! ;-) lol
N & P Gold Current Account Free Debit Card Use Abroad and Sentinel Protection
51°Expired
Found 29th Dec 2012Found 29th Dec 2012
I think this is a fantastic deal for using a bank card abroad. I have had an Norwich and Peterborough account for about 2 years now and have used it in various places in Europe, Au… Read more

Original Poster

ash.connor

It's good but make sure you set up a weekly standing order of 1 pound … It's good but make sure you set up a weekly standing order of 1 pound going in and out so you don't get charged a 5 pound fee.



Yes, worth doing this if you go for the Gold lighter account where you need to make 5 transactions a month.

It's good but make sure you set up a weekly standing order of 1 pound going in and out so you don't get charged a 5 pound fee.

Seems like a good deal for those that spend time abroad.(_;)

Original Poster

I did think that but I know I can't ask to refer people on here! If anyone wants to give me any credit for posting this deal though feel free to ask me ..... it's only for accounts opened in person though, not online.
Edited by: "rachelandgromit" 29th Dec 2012

Introduce a friend and you’ll each get £25!
If you’re an existing N&P current account customer then you’re already benefiting from the many great features of your account. Our great value current accounts cater for all of your everyday banking needs, with simple, transparent charges to make it easy for you to manage your money effectively.

Don’t keep it to yourself!
Recommend the N&P Current Accounts to a friend or relative before 31st December 2012 and once their account is open you’ll each receive £25. Simple as that!

nandp.co.uk/cur…end
N&P Classic Share Dealing Account - all online trades £8.95 with no management charges
-21°Expired
Found 12th Oct 2011Found 12th Oct 2011
I already have an account with N&P and they have just launched a new account which offers share dealing at £8.95 online and £14.95 by phone flat rate with no management or inac… Read more

The telephone dealing rate of £14.95 is exceptional value for a High Street organisation. For a £5k trade by phone Barclays charge £65, Lloyds £50, Natwest £50, RBS £50, Santander £30 and Halifax £25 and most of these sting you around £10 every 3 months if you don't place a trade. Voted hot !!!

I just use Betfair when I gamble.

x-o are jarvis, so I very much doubt they'll sell out, but you never know!

I think personally you are best to go with the company your happiest with. Jarvis is a company i've used extensively in the past, hence using x-o.

Regards

I am with svs securities. 5.75 per trade. First month for £1 per trade. No problems with them so far.

Yes - seen x-o does trading for £5.95 but its all online you can't phone deals which can be useful sometimes. I remember Hoodless Brennan and E-Trade knocking out cheap share dealing a while back but they are gone now. Guess x-o are trying to build market share before they too sell out.

N&P are merging with the Yorkshire BS on the 1st November so no danger of them going bust.
Free "real"overseas withdrawals with N&P BS
62°Expired
Found 13th Dec 2010Found 13th Dec 2010
Hello all, as you know Nationwide used to have free cash withdrawals but now they charge (2% plus £1 per cash operation). Norwich and Peterborough Building Society (N&P) will … Read more

meandmy2kids

if you have a mortgage or investment with santander you are entitled to … if you have a mortgage or investment with santander you are entitled to the zero account and that debit card you can use free of charge anywhere in the world you just have to show £1000 running through the account each month.



Your joking, Santander are the biggest bunch of muppets going.

And yes I have an account and a credit card with them, and not just making spurious accusations.

They have been unable to process a Direct Debit from our Santander Current Acc to our Santander CC Acc in 6 months despite receiving numerous letters saying it was all setup and payment would be taken. It's now in the hands of the FSA. Their customer service is non existent, they can't communicate between departments and if unsure just tell lies to fob you off.

In the process of switching to First Direct, also opened this N&P account to take advantage of free overseas transactions to replace my Flex Acc. Cheers heat added!

Banned

Inactive

You are dreaming if you think you can get a good deal at the Post … You are dreaming if you think you can get a good deal at the Post Office.They give an " exchange rate " that is very poor.


+1

although all high street rates are crap too

YEP,Sounds like Clarity is the best deal at the moment.wait Jan the sharks can just keep watching,some they may want their cut on the finance market,so they may come to compete with some good news,wait and see.
Santander good deal,free ATM if you do Spain.

YEP,Sounds like Clarity is the best deal at the moment.wait Jan the sharks can just keep watching,some they may want their cut on the finance market,so they may come to compete with some good news,wait and see.
Santander good deal,free withdrawal if you do Spain.

gretnaqueen

Go online or enquire at the post office. You can buy your currency at the … Go online or enquire at the post office. You can buy your currency at the post office with their credit card for FREE! No Charges, and you can use it abroad for free as well. Pop in to your local branch and ask to speak to their financial specialist or manager, I've saved loads.



You are dreaming if you think you can get a good deal at the Post Office.

They give an " exchange rate " that is very poor.
Commission Free Share Dealing at N&P. Plus a chance to win a luxury Christmas Hamper
42°Expired
Found 13th Oct 2010Found 13th Oct 2010
Just spotted this on the N&P website. They are offering zero commission on all UK listed share purchases until the end of 2010. Plus you get a chance to win a luxury Christmas … Read more

Excellent find - I wish there were more people here interested in the finances deals section

Perfect timing. Top find!

nice fIND will save me some £££££s - but prob wont get very hot!

great find thanks
Norwich & Peterborough BS - 6 Month E-Bond paying 3.05% AER (£1,000 minimum)
48°Expired
Found 15th Mar 2010Found 15th Mar 2010
Looking to tuck your money away until the election's been and gone? This seems an ideal short-term investment and I haven't been able to find a better rate for such a short period… Read more

dannyschuster;8114222

I'd rather "invest" a few quid in a bunch of flowers. I reckon I'd get … I'd rather "invest" a few quid in a bunch of flowers. I reckon I'd get more than £15 back in kind :thumbsup:



:-D

I'd rather "invest" a few quid in a bunch of flowers. I reckon I'd get more than £15 back in kind :thumbsup:

what a waste of time saving is these days

joe public;8113551

You'll actually get £12 after Mr Darling's taken his 20% :-(



It's actually £12.20

Original Poster

cicobuff;8113505

So a £1000 investment would only give you £15 return in interest over 6 m … So a £1000 investment would only give you £15 return in interest over 6 months? £2.50 a month interest?



You'll actually get £12 after Mr Darling's taken his 20% :-(
6% savings account... recession beater !! Norwich & Peterborough BS
61°Expired
Found 27th Feb 2009Found 27th Feb 2009
When interest rates are so low, it's hard to find somewhere that pays anything like a respectable rate. These are doing a regular saver account, 3% fixed for 1 year, plus a 3% bonu… Read more

adsldave;4506556

A good interest rate but a real shame that you can only deposit £3000 a … A good interest rate but a real shame that you can only deposit £3000 a year, Personally i opened a halifax fixed rate of 5% (for a year) & i can deposit £6000 a year in that account (£500 a month which results in £227 interest a year).


Not sure how you came to this interest figure, see info below copied directly from the Halifax website on this fixed term saving account:

For example - save £500 every month and earn £161.92 gross (£129.53 net) interest after 12 months

Better than most saving rates though but not as good as I first throught.

halifax.co.uk/sav…asp

Any limit on the number of accounts per person/household ?

Good one to pay the child benefit into maybe?

A good interest rate but a real shame that you can only deposit £3000 a year, Personally i opened a halifax fixed rate of 5% (for a year) & i can deposit £6000 a year in that account (£500 a month which results in £227 interest a year).

Original Poster

csiman;4506043

Our range is designed for families with dependent children up to 16 years … Our range is designed for families with dependent children up to 16 years old (or 18 if they are in full-time education).



Oops, yes, meant to mention that bit... should still prove useful to many (assuming they have any spare dosh to save !!)