Northern Rock has cut rates across its mortgage range by up to 0.90 percentage points and extended its £500 cashback incentive to include all buy-to-let products with percentage fees.
Northern Rock’s two-year Everyday fixed rates with a £995 product fee now start from 2.67% for both purchase and remortgage customers at 70% LTV, a reduction of 0.32 percentage points.
Two-year Everyday fixed rates with no product fees start from 3.19% at 70% LTV.
The bank has reduced selected mortgage rates across its products at 80%, 85% and 90% LTV. A two-year Everyday fixed rate mortgage at 90% LTV exclusively for purchase customers is now available from 5.25% with a £995 product fee. Customers will also qualify for £500 cashback. For those who choose the Fee Saver Option, the same term is available at 5.45%.
Following demand from buy-to-let customers who welcomed Northern Rock’s recent limited period offer of £750 cashback across the buy-to-let range, the lender has also extended its £500 cashback incentive on selected residential products, to include all buy-to-let 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 percentage points.
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