N&P announces increase in LTV
Norwich and Peterborough (N&P) Building Society has increased the loan-to-value (LTV) it will lend.
The company has announced it will also decrease its five-year fixed-rate mortgage rate.
A selection of fixed-rate house loan products have seen their LTV escalate from 80 per cent to 85 per cent, as well as a number of its discounted variable rates from 75 per cent to 80 per cent.
N&P's product manager for mortgages Richard Barker said: "We have witnessed a general trend of rising LTVs across the market over the last few months."
He added this latest news will be a welcome boost for those who have struggled to scrape together enough cash for a sufficient deposit.
- Tags:
- products and companies

Comments