Northern Rock cuts mortgage rates by up to 0.57%

Northern Rock has cut rates by up to 0.57% across its competitive Everyday mortgage range with effect from today, Wednesday 4 May 2011.

Related topics:  Mortgages
Millie Dyson
4th May 2011
Mortgages
90% LTV products now available to all approved intermediaries, with fixed rates starting from 5.65% with no additional product fee

2-Year Fixed rates now start at 3.25% and 2-Year Trackers start from 2.49%. Both of these products are available for purchase customers at 70% LTV with a £995 product fee.
 
Northern Rock continues to offer support to customers with smaller deposits, and has cut rates on its 80% LTV and 85% LTV products by up to 0.57%. A 2-Year Everyday Fixed rate at 80% LTV for both purchase and remortgage customers is now available at just 4.28% with a £995 product fee.
 
Northern Rock’s competitive range of products available up to 90% LTV has now been extended through its full intermediary network.  Everyday 2-Year Fixed rates have been reduced and now start at 5.65% at 90% LTV with no additional product fee.
 
Everyday mortgages offer customers simple, straightforward mortgage deals with competitive rates and the ability to make overpayments of up to 10% each year, as well as the option to apply for payment holidays.
 
Northern Rock continues to offer a choice of competitive Fee Saver options across its range of residential mortgages for customers who are looking to keep their fee costs as low as possible. The company also offers a Flexible range, which offers customers the chance to apply to use more of Northern Rock’s flexible features such as unlimited charge-free overpayments, underpayments or borrowing back overpayments.  
 
Northern Rock offers a free basic valuation (excluding non-standard work) and free standard legal costs on residential remortgage cases. And there is also a competitive range of Buy-to-Let mortgages available.
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