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Spanish home bank tracker from N&P

Norwich & Peterborough Building Society is offering a five year bank base rate tracker currently at 5.25 per cent for ex-patriates in Spain and Gibraltar.

The tracker, at Bank of England base rate plus 1.25 per cent, is available for purchases or remortgages of a main home, holiday property or retirement residence in Gibraltar and the Costa del Sol.

The mortgage reverts to N&P&#39s Spanish Home Loans variable rate, currently 6 per cent, and is available up to 75 per cent loan to value. Six months interest is payable for redemptions within the fixed rate period, and the arrangement fee is £250.

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