The Norwich & Peterborough Building Society (N&P) has cut the rate on its two-year fix at 65% LTV to 1.19%. 

The deal is available to those buying a home or remortgaging and has a £1,495 product fee.

For those looking to reduce upfront costs, N&P also offers a 1.69% two-year fixed rate at 65% LTV with no product fee, available to both house purchase and remortgage customers.

Richard Barker, product manager for Norwich & Peterborough Building Society, said: “We always try to offer borrowers a range of options and good, value for money.

“We believe that our latest offering will prove very attractive to those customers who are looking for a competitive rate with the security of knowing what the exact repayments will be for the next two years, especially during this time of economic uncertainty.”