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N&P cuts overseas rates

Norwich and Peterborough Building Society, which lends all along the Costa del Sol, is to reduce rates on its fixed interest rate mortgages in Spain and the UK.

All UK two year, three year and five year fixed rates have come down by up to 0.39 per cent.

For Spanish mortgages, the fixed rate has come down to 4.74 per cent from 4.99 per cent for two years, and to 5.74 per cent from 5.99 per cent for five years.

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