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Norwich Union launch 4.49% discount

Norwich Union, in conjunction with Norwich and Peterborough Building Society, has launched a new mortgage offering an exclusive 4.49% discounted rate for three years.

The deal also offers a number of other benefits such as:

o 1.2 per cent discount for three years &#45 initial pay rate for 4.49%

o No arrangement fee or booking fee

o Free valuation

o £250 cashback for house purchase available up to 95% loan to value

o Free legal fees on freehold properties for remortgages up to 90% loan to value

o £250 cashback will be paid for remortgages on leasehold properties

o No mortgage indemnity premium to 90%

o Early redemption charge is six months interest during first three years

Head of Norwich Union&#39s mortgage development, Jon Round, comments, “This mortgage represents excellent value for borrowers. In addition to a 1.2% discount for three years, IFAs can save their clients additional fees with all the added benefits that this deal has to offer.”


Financial firms miss over 50 niche

Financial services providers are not catering to the growing number of consumers over the age of 50 in the UK, research from Datamonitor reveals. Marketing Financial Services to the Over-50s finds that while the majority of over 50s are unlikely to be classified as mass affluent, they are typically wealthier than their younger counterparts and […]

Skipton launch new two year fixed rate

The Skipton Building Society has launched a new 2-year fixed rate mortgage, offering borrowers an interest rate fixed at 3.99% until November 30 2004. Key features of the mortgage are: o Concessionary mortgage discount scheme 0.30% discount off variable rate (currently 5.70%) in years 3 and 4 and 0.50% discount off variable rate (currently 5.70%) […]

New adverse credit fixed products from Genesis

Correspondent lender Genesis Home Loans has released four new, low cost, fixed rate products as part of its Planets & Moons adverse credit range. The rates – which are all fixed until 1 October 2003 – are dependent on the LTV of the mortgage required and start at 4.99% up to 65% LTV. At 75% […]

Cashback incentive added to no-ties five-year fixed rate loan

A £200 cashback is being offered to borrowers applying for Leeds & Holbeck&#39s no-ties five-year fixed rate mortgage by the end of September. Applicants will receive the payment on completion of the loan. The mortgage is available at 5.49% for loans up to 90% of property value or 5.89% up to 95%. Key product details […]


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