Norwich & Peterborough Building Society has unveiled a new mortgage range which includes its lowest ever two-year and three-year fixed rate products.

The two-year fixed rate is available at 1.89% up to a maximum of 65% loan to value, with a £995 product fee.

Meanwhile the three-year fixed rate is 2.34%, also up to a maximum of 65% LTV, with a £295 fee.

The two new products are among a number of reductions made to fixed rate and tracker mortgages available from the mutual, with cuts of up to 0.30 percentage points across the range.

Richard Barker, N&P’s mortgage product manager, said: “We are always looking at ways of keeping our mortgages competitive.

“These rate reductions include our lowest ever two-year and three-year products and include fees as low as £295.

“We are clear in our commitment to providing the best mortgages we can for a variety of borrowers, whether they have a large or small deposit and want to pay a larger or smaller fee.”