News Tag: Norwich & Peterborough

December 2, 2009

Yorkshire and Chelsea merger leads to job losses

by Kay Murchie
It emerged yesterday that Yorkshire Building Society and Chelsea Building Society were in advanced merger talks but today the Yorkshire has revealed that a tie-up would lead to a number of job losses and a £200 million write-down on Chelsea's bad debts. "The merger will lead to a number of job losses," the two societies warned. “Redundancies will only ...

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Branch closures expected at Norwich & Peterborough Building Society

by Kay Murchie
Norwich & Peterborough (N&P), which is Britain’s tenth largest society, is to close 10 of its branches, putting more than 50 jobs at risk. The branch closures represent one fifth of its 54-strong network and the news comes just a day after it emerged that Chelsea and Yorkshire Building Societies were in merger talks. N&P said it can't compete ...

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August 6, 2009

N&P raises rates on bonds and ISAs

by David Masters
Norwich & Peterborough Building Society (N&P) this week announced plans to increase the interest rates on its ISAs and fixed rate bonds. Rates on its two and five year fixed rate ISAs increased to 3.05% and 4.55% respectively. Three and five year fixed rate bonds at the building society now pay up to 4.3% and 5.05% respectively. N&P also announced the launch of ...

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July 10, 2008

New mortgage deal round up

by Gill Montia
A number of lenders have launched new mortgage deals this week. Leeds Building Society has introduced a five-year fixed-rate loan at 5.99% and with no higher lending charge. Maximum loan-to-value ratio is 80% and 10% capital repayments are allowed each year without any penalty charge. Interested parties can apply via the lender's branches, online, or by phone. Woolwich has introduced new three-year fixes and has upped ...

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