New deals and rate cuts from Northern Rock

Published on

Northern Rock has made changes to its mortgage range, adding new deals for residential and buy-to-let customers.

Three-year fixed rates have been cut by up to 0.13 percentage points, with rates starting at 3.09% (with a £995 product fee). Meanwhile, five-year fixed rates have been reduced by up to 0.25 percentage points. Rates now start at 3.75% (again with a £995 product fee).

Selected buy-to-let fixed rate mortgages have been reduced by up to 0.30 percentage points, while selected buy-to-let two-year trackers reduced by up to 0.41 percentage points.

New intermediary exclusives include a three-year fixed rate fee saver option at 70% LTV reduced to 3.15%, new two and five-year fixed fee saver options at 70% LTV and a new two-year buy-to-let fixed rate at 70% LTV (with a £2,495 product fee).

As well as the changes to its core range, the lender has also refreshed its products available exclusively through intermediaries registered with a Northern Rock national account.

Lloyd Cochrane, head of lending products at Northern Rock, said: “We are continuing to support the mortgage market with a range of deals to suit all types of customer.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Rightmove warns property tax reforms could stall housing market

Rightmove has warned the government that proposed changes to property taxation risk distorting the...

Bradford retains crown as UK’s leading property hotspot

Bradford has once again been named the country’s most in-demand housing market, topping OnTheMarket’s...

Keystone reduces expat buy-to-let rates and adds new product

Keystone Property Finance has reduced rates across its expat buy-to-let range, cutting selected fixed...

Gatehouse cuts buy-to-let rental rates and eases paperwork

Gatehouse Bank has cut rental rates by 0.25% across its buy-to-let purchase plans for...

The Exeter: most consumers value advice when purchasing insurance

Almost two-thirds of consumers prefer to purchase insurance following professional advice, according to new...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Passing the affordability exam

As teachers and students of various ages have spent August nervously opening exam results...

Investors are changing their approach – and lenders should too

The buy-to-let market never stands still, but the pace of change in recent years...

Leasehold fees, specialists and the need to shop around

Leasehold properties account for around 20% of all dwellings in the UK, and while...

Other news

Rightmove warns property tax reforms could stall housing market

Rightmove has warned the government that proposed changes to property taxation risk distorting the...

Bradford retains crown as UK’s leading property hotspot

Bradford has once again been named the country’s most in-demand housing market, topping OnTheMarket’s...

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...