NCB Continuing Review of Mortgage Policy

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The National Commercial Bank (NCB) says it’s institution is re-evaluating its mortgage policy since Finance Minister Dr Nigel Clarke announced new measures in his recent budget presentation.

Two weeks ago Scotia Bank announced it was offering mortgages at 6.99-per cent. Then NCB did one better, announcing a 6.95-per cent mortgage rate.

Sales Manager at NCB, Kerry-Ann McCourty-Simmonds, says the institution may offer more favourable policies in the future.

And, Scotia Bank’s Chief Executive Officer, David Noel, is expressing caution against institutions offering 100-per cent financing on mortgages.

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