Northern Rock has improved its range of Everyday residential mortgages.

Everyday mortgages offer include a certain amount of flexibility, including the ability to make overpayments of up to 10% each year and the option to apply for payment holidays.

Everyday two-year fixed rates for customers with a 20% deposit (80% LTV) start from 4.35%, or 4.89% up to 85% LTV.

Both products have product fees of £995 and are available for purchase and remortgage customers.

Northern Rock continues to offer Fee Saver options across its Everyday fixed and Tracker range, as well as offering a Flexible range, which offers customers the chance to apply to use more of Northern Rock’s flexible features such as unlimited charge-free overpayments, underpayments or borrowing back overpayments.

Northern Rock offers a free basic valuation (excluding non-standard work) and free standard legal costs on residential remortgage cases.