Since 1998, Norwich and Peterborough Spanish Home Loans (NPSHL) has been helping UK residents, ex-pats and Gibraltarians to buy or re-mortgage their main home, holiday property or retirement residence. N&P lends from Gibraltar, along the whole of the Costa del Sol and along the Costa Blanca to La Manga. The Society opened a branch in Gibraltar in 1990 and it’s now one of the most successful for lending.
A typical NPSHL mortgage customer borrows £98,000 to buy a property worth £178,000. Since N&P started lending in Spain, apartments have been the most popular buy for 45% of customers, whilst 26% have bought detached villas.
Gary Lacey, N&P’s group product manager, said: "I am delighted that N&P’s Spanish mortgage products are even more attractive with this latest improvement. As we now offer mortgages across a wider area of Spain, we can help many more people turn their dreams into reality and own a home in the sun!"
