Norwich Union raises mortgage rates

Money News

www.moneynews.co.uk > Mortgages > Norwich Union raises mortgage rates

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Norwich Union raises mortgage rates

Norwich Union's Fixed Rate Lifetime Mortgage is upping its interest rate.

Both the fixed rate and cash reserve options will see their interest rate rise, with customers paying 6.6 per cent per annum.

For businesses introduced by the Norwich Union personal finance sales team, the interest rate will be 6.9 per cent APR.

Cash reserve option rates are sitting at seven per cent per annum.

Daren Carter, director of sales and marketing at Norwich Union Personal Finance, says that the company has tried to keep rising interest rates as low as possible.

"Long-term interest rates have risen and this means we have had to raise our lifetime mortgage rates," he explained.

Norwich Union, the UK’s largest insurer, will be introducing the rates as of September 4th.

Related News : Mortgages

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Aviva

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet