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New credit impaired mortgages unveiled - News at Best UK Mortgages - Tuesday, 21st June 2005Previous Article - Main Index - Next Article High street lender Norwich & Peterborough (N&P) has unveiled two new mortgages aimed at people with credit problems. The building society is keen to tap into the growing market for adverse credit mortgages as people seek to get a foot on the property ladder despite their debts. Personal debt is still a major issue in the UK, despite last year's interest rate rises. "Credit impaired mortgages are a growing market and we have looked carefully at how we should be helping our members before launching these products," Gary Lacey, group product manager at N&P. "A successful pilot of these two mortgages has confirmed that there is demand that is not already satisfied in the existing market." Customers can choose between a fixed and variable rate deal. |
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This site is intended for UK residents only. The overall cost for mortgages for comparison is % APR. The actual rate will depend on your circumstances. APR variable and based on a usual case. The Financial Services Authority (FSA) do not regulate some types of buy to let, commercial, overseas mortgages, tax advice and credit or loans not secured on property. Best UK Mortgages is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority. |
