04 July 2005
Norwich and Peterborough Building Society (N&P;) has announced it will be reducing the rate on its two and five year fixed rate commercial loans.
The change, which will take place immediately, is designed to benefit customers who wish to keep their monthly payments at a reasonable fixed interest rate.
David Jervis, general manager of business services, said: “These reduced rates offer a great opportunity to fix payments at lower rates than many borrowers would pay for a variable rate mortgage.”
The loans are available to businesses looking to either re-mortgage commercial properties or that are looking to invest in commercial properties.
Businesses are being urged to apply quickly as limited funds are available for these loans.