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Norwich & Peterborough fixed Spanish mortgage

Norwich & Peterborough fixed rate on Spanish properties

Type: Fixed rate, for Spanish properties

Rate: 5.04 per cent for two years, 5.99 per cent for five years

Underlying rate:

Income multiples: Three times single applicant salary; three times main salary plus second applicant’s salary; two times joint salary

Minimum loan: £40,000

Maximum loan: Negotiable, repayable over 20 years

Conditions: Mortgage advance and repayments paid in Sterling, from a UK bank or building society account. Valuation fee £375 (according to valuation)

Redemption fees: Six months interest in first five years

Commission: £250

Telephone: 01733 372006

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