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Rate cut on Spanish mortgages

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  • Rate cut on Spanish mortgages

    Hi Guys

    The following news item makes our interest rates in NZ look bl..... awful.

    Rate cut on Spanish mortgages

    Norwich & Peterborough is reducing its fixed rate mortgages for properties in Spain and Gibraltar.

    The Spanish mortgage is reduced from 3.84 per cent to 3.59 per cent with a £250 reservation fee to pay.

    Two fixed rates are available for properties in Gibraltar. The two-year and five-year fixed rates are both reduced from 5.38 per cent to 5.24 per cent. There is a reservation fee of £385 to pay on both mortages.
    News source:
    http://www.investmentinternational.c...?unqueid=14583

    Regards
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx
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