• From Money Extra:

    Norwich and Peterborough Building Society (N&P) has made additions to its mortgage product ranges for customers looking to buy in Gibraltar or Spain – the launch comprising a new buy-to-let mortgage for people looking to buy a rental property in Gibraltar, as well as a new further advance product and new base rate tracker for its Spanish home loans. The Gibraltar buy-to-let mortgage, for example, charges Bank Base Rate +1.00% for the term. And on a maximum LTV of 85%. A 0.50% reservation fee is in force, as is a valuation fee from £135. There are no early redemption charges. Rental coverage meanwhile is 125%. Minimum advance is £50,000. Alternatively, borrowers can opt for a 6.24%, 3-year fixed rate deal, followed by Bank Base Rate +1.00% for the term. Maximum LTV is 85%.A 0.50% reservation fee is in force, as is a valuation fee (from £135) and an early redemption charge of 5/4/3% in the first three years. Minimum advance is £50,000 with 125% rental coverag…

    Click to read the full article »

    Posted by Jon @ 8:05 pm

Leave a Reply

Your email address will not be published. Required fields are marked *