Moving home
Overview
It’s not just our existing customers that we value - we want to try and help as many people as we can who want a mortgage. First time buyers, people moving house or people moving their mortgage from another lender. Whatever your circumstances are, you’ll find us keen and eager to do all we can to assist.
N&P mortgages come in all sorts of shapes and sizes. The mortgage that’s right for you will depend on your views on where interest rates are going (up or down), your current and future financial circumstances and even lifestyle considerations. Whether you want advice on which mortgage is right for you, or you know exactly what you want, we can help.
The interest rate is a fixed percentage above the Bank of England’s UK Repo Rate (Bank Base Rate) for the mortgage term. So if Bank Base Rate rises, up goes your monthly repayment; if it drops, down goes your monthly repayment.
The interest rate will be our standard variable rate with a discount for a specific period at the start of the mortgage. Your monthly repayments will therefore be reduced for the discounted rate period.
The interest rate will be fixed for a specific period at the start of the mortgage. Could be an appropriate choice if you want to be certain that your monthly repayments are going to stay put for a fixed period.
This is our ‘plain vanilla’ mortgage. The interest rate charged – and therefore your monthly repayments - can change, for example due to market conditions, throughout the mortgage term.
If you are thinking about buying a property on the Costa Blanca, the Costa del Sol or in Almeria as your main residence, retirement home or for your holidays, talk to us. We’re rather good at sorting out mortgages in Spain with many years of experience and dedicated local managers who will help you every step of the way.
If you need to borrow a little bit extra, then this is what we can offer you. Through our Base Rate Tracker Mortgage and our Fixed Rate Mortgage you could borrow up to 90% of the value of the property you are buying or remortgaging.