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N&P offers BTL mortgages to first time landlords

Norwich & Peterborough is now offering a buy to let mortgage for first time landlords, with immediate effect.

The provider has reassessed its lending criteria to now consider first time landlords to its BTL mortgages.

N&P head of commercial lending Robert Lankey says: They will need to meet all of our standard BTL criteria as well as having a personal income that covers any outstanding mortgages and the proposed BTL mortgage.

“This offers the best possible yield on their new venture and enabling them, if they wish, to start building up a property portfolio.


Protection sales slide at Swiss Re

Swiss Re reveals plummeting protection sales in 2004. New term assurance policies saw a 17.3 per cent fall in sales, with sales of CI and individual IP sales also down 30.9 per cent and 25 per cent respectively. Mortgage sales outperformed non-mortgage sales, but these also declined, with TA down 13.5 per cent compared to […]

Fly First EIS plans take off

Fly First is an enterprise investment scheme aiming to raise up to 25m to establish a new airline for business travellers flying between Luton airport and New Yorks Newark airport.


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