Northern Rock reduces mortgage rates by up to 0.90%

Northern Rock’s 2-Year Everyday fixed rates with a £995 product fee now start from 2.67% for both purchase and remortgage customers with a 30% deposit (70% LTV), a reduction of 0.32%.

For those who wish to keep their  costs as low as possible however,  2-year Everyday fixed rates with no product fees, start from  3.19% at 70% LTV.

Northern Rock remains committed to assisting those with smaller deposits, including First Time Buyers. It has therefore reduced selected mortgage rates across its products at 80% LTV (20% deposit required), 85% LTV (15% deposit required) and 90% LTV (10% deposit required).

A 2-Year Everyday fixed rate mortgage at 90% LTV exclusively for purchase customers, is now available from just 5.25% with a £995 product fee. Customers will also qualify for £500 cashback. Or for those who choose our Fee Saver Option, the same term is available at just 5.45%.

Following demand from BTL customers who welcomed Northern Rock’s recent limited period offer of £750 cashback across the BTL range, the lender has also extended its £500 cashback incentive on selected residential products, to include all BTL products with a percentage fee.

Selected fixed rates in the Intermediary Exclusive range of mortgage products have also been reduced by up to 0.30%.