Spanish mortgages offered by Norwich & Peterborough

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Spanish mortgages offered by Norwich & Peterborough

Wed 1st Nov 2006

Customers wishing to enter the housing market in Spain or Gibraltar will now be able to benefit from new mortgage products offered by the Norwich & Peterborough Building Society.

For those focusing on buying property on the island of Gibraltar, the Norwich & Peterborough Gibraltar buy-to-let mortgage is available, providing customers with a rate that is one per cent above the Bank of England's base rate for the term of the loan.

Additionally, the Spanish tracker mortgage offers a rate of that is 0.75 per cent over the Bank of England base rate for the loan's term and the rate of the Spanish further advance is the Bank of England base rate plus 0.89 per cent for the term.
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Richard Barker, product manager for Norwich & Peterborough, explained: "We have been helping UK residents and ex-pats to buy or re-mortgage their main home, holiday property or retirement residence since 1998 and are pleased to now be increasing our offering to include buy-to-let properties too."

"Buy-to-let is a growing market in Gibraltar and we're sure it will prove to be a popular choice for customers looking to invest in property there," he added.

Norwich & Peterborough can offer mortgages in the following areas of Spain; Costa Blanca, Costa Calida, Costa Almeria, Costa Tropical, Costa de Sol and Costa de la Luz.

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