Northern Rock has made further cuts on its Everyday mortgage rates.

A number of rates across its residential two and three-year mortgage range have been reduced and Everyday fixed rates for customers with a 30% deposit are now available from 3.39%, with a £995 product fee.

There has also been a cut to Northern Rock’s two-year fixed rate Everyday residential mortgage available at 90% LTV at 5.88%, which has no product fee.

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

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