New deals and rate cuts from Northern Rock

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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.

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