N&P reduces fixed mortgage rates by Finance News Bulletin

Published: 15/12/07

Norwich & Peterborough Building Society has abridged the rates on its UK and Spanish fixed tax mortgagesThere have been reductions across the board of at least 01 per cent, while on Spanish mortgages there have been reductions of at least 014 per cent

The mortgages retain their attractive supple features, such as an overpayment facility from the onset and no compulsory insurancesThe rate cuts give borrowers improved value for money, and the reductions on the Spanish mortgages are high-quality news to those looking to invest in possessions abroadSpain remains a popular European destination for Brits buying property abroad Spanish administration tourism figures for the month of July, traditionally the most well-liked month for visiting the country, show a ten per cent increase in visitors compared to last day

A recent poll by Assetz exposed climate is the factor that most influences Brits buying abroad, as well as nearness to a town, in order to sample local culture and traditionsStuart Law, organization director of Assetz, commented on the British approach towards buying property abroad: "Roasting on the beach for existence on end is no longer enough for the sophisticated holiday home proprietor, who is often looking for a taste of the 'rural community life'"Catalonia is the most popular region for both tourism and property investment The sightseeing figures indicated a five per cent increase in British tourists this year compared to the same era last day

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