Northern Rock has cut mortgage rates on purchase, remortgage and buy-to-let deals.

Rates on the lender’s intermediary exclusive products have been reduced by up to 0.17%.

The bank has also improved its two-year fixed rate deal available exclusively through Northern Rock’s intermediary partners. The product, with a £995 product fee is now available to both purchase and remortgage customers at 2.89% up to 70% LTV.

Northern Rock’s three-year fixed rate intermediary exclusive at 70% LTV with no product fee is now available at 3.82%.

Meanwhile, its five-year fixed rate at 70% LTV with no product fee is priced at 4.45%. Remortgage customers also benefit from Northern Rock’s incentive of a free basic valuation and free standard legal costs.

Buy-to-let rates start from 3.25% for a two-year Everyday fixed rate mortgage with a 3.5% product fee, at 60% LTV.

Those with a 30% deposit can opt for a two-year Everyday fixed rate mortgage with a 3.5% at 3.59%.