Northern Rock has improved its mortgage range for both purchase and remortgage.

Everyday Fixed rates now start from 2.89%, its lowest two-year fixed rate of the year.

As well as the changes to the purchase range, Northern Rock has also cut rates across its remortgage products, with two-year Everyday fixed rates starting from 2.99% (previously 3.09%) up to 70% LTV.

Everyday mortgages offer customers the ability to make overpayments of up to 10% each year, as well as the option to apply for payment holidays.

Rates for those with smaller deposits have also been cut, with Everyday two-year fixed rates for purchase customers with a 15% deposit (85% LTV) available from 4.38% with a £995 product fee (previously 4.89%), and Everyday two-year fixed rates for purchase customers with a 20% deposit (80% LTV) available from 3.98% (previously 4.39%).