It has launched a buy-to-let mortgage for people looking to buy a rental property in Gibraltar, as well as a further advance product and Base Rate tracker for its Spanish home loans.
On buy-to-let in Gibraltar, Richard Barker, product manager for N& P, said: “We have been helping UK residents and ex-pats to buy or re-mortgage their main home, holiday property or retirement residence since 1998 and are pleased to now be increasing our offering to include buy-to-let properties too. Buy-to-let is a growing market in Gibraltar and we’re sure it will prove to be a popular choice for customers looking to invest in property there.”
On the further advance for homebuyers in Spain and Gibraltar, Barker added: ”We’ve launched this product in response to customer demand from people who have bought their home in the sun but are now looking to make improvements to it. The costs for additional borrowing are greater in Spain due to the involvement of a solicitor, so we were keen to offer customers a ‘fees-free’ product.”
