- Selected Residential Everyday mortgage products reduced at 70%, 80% and 85% LTV
- Everyday Fixed rates at 70% LTV will now start from 3.37% with a £995 fee, a reduction of 0.05%
- Everyday Fixed rates at 80% LTV now start from 4.78% with a £995 fee, a reduction of up to 0.07%
-Everyday Fixed rates at 85% LTV now start from 4.89% with a £995 fee, a reduction of up to 0.31%
- Everyday 2-Year Trackers at 70% will start from 2.58% (BoE +2.08%) with a £995 product fee
- Product end dates have been extended to 1 August
Only around two-weeks after its latest rate reductions, Northern Rock has decreased interest rates on its Everyday Fixed rates at 70%, 80% and 85% LTV. The changes take effect today, 7 April 2011.
Selected rates across the Everyday Fixed rate range have been cut, and deals for purchase customers with a 30% deposit now start from 3.37%.
Northern Rock is offering further support to customers with smaller deposits, and has cut rates on its 85% LTV products by up to 0.31%. Purchase customers with a 15% deposit can now access rates from just 4.89% with a £995 product fee. Rates have also been reduced for remortgage customers at 85% LTV, with Fixed rates starting from 5.18%.
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.
Northern Rock continues to operate its mortgage product range within the constraints of the competitive measures agreed with the European Commission. Full details of the product range are included for information.
