Northern Rock has cut rates by up to 0.57% across its Everyday mortgage range.

Two-year fixed rates now start at 3.25% and two-year trackers start from 2.49%. Both of these products are available for purchase customers at 70% LTV with a £995 product fee.

The state-owned bank has cut rates on its 80% LTV and 85% LTV products by up to 0.57%. A two-year Everyday fixed rate at 80% LTV for both purchase and remortgage customers is now available at 4.28% with a £995 product fee.

Everyday two-year fixed rates have been reduced and now start at 5.65% at 90% LTV with no additional product fee.