Northern Rock cuts residential and BTL mortgage rates

Northern Rock has cut rates by up to 0.50% across its competitive Everyday mortgage range with effect from today, Friday 27 May 2011.

Related topics:  Mortgages
Millie Dyson
27th May 2011
Mortgages
2-Year residential Fixed rates now start at 3.10% at 70% LTV, for both purchase and remortgage customers with a £995 product fee. The same deal without a product fee is available from 3.55% at 70% LTV.

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 0.40%. A 2-Year Everyday Fixed rate at 80% LTV for  purchase customers is now available at just 4.08% with a £995 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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