Norwich and Peterborough Building Society (N&P) has increased the loan to value (LTV) on a number of discounted rate mortgages to 85%.

The Society has increased the LTV from 75% to 85% on its two-year discounted variable rate mortgage at 2.59%, and from 80% to 85% LTV on a selection of other discounted variable rates.

Richard Barker, N&P’s product manager for mortgages, said: “These new higher LTVs across a broad selection of our variable rate mortgages mean that a greater number of people will be able to access these good deals