New mortgage range from Norwich and Peterborough Building Society

Money News

www.moneynews.co.uk > Mortgages > New mortgage range from Norwich and Peterborough Building Society

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

New mortgage range from Norwich and Peterborough Building Society

The Norwich and Peterborough Building Society has introduced a new range of mortgage products designed to cater for homebuyers who have a low credit rating.

Norwich and Peterborough Building Society's two-year fixed-rate and two-year tracker mortgages form the new assortment and advisers will be on hand in branches and via contact centres to determine the best deal for the individual.

Depending on the credit rating of the homebuyer, deals will be provided accordingly. For instance, a light adverse credit rating will enable someone to obtain a mortgage that is 0.49 per cent above the base rate for two years with a loan to value of 90 per cent.

Richard Barker, product manager for Norwich and Peterborough, stated: "Credit impaired mortgages are a growing market.

"Whilst we are careful about lending in what is a higher risk area of mortgage business, this type of lending has become commonplace and using our affordability index means we have a clearer picture of an applicant's earnings and outgoings and an accurate view of whether they can really afford the mortgage."

Back in 1998, Norwich and Peterborough launched its green mortgage range of products which were the first of their kind, created to foster more energy efficiency among homeowners.

Related News : Mortgages

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet