Northern Rock’s latest consumer-facing video has highlighted the fears that borrowers have over paying the mortgage each month.
The bank took to the streets to find out what concerns people most about their finances, and the overwhelming majority of consumers confirmed their mortgage payment was their biggest financial worry.
Recent research undertaken by Northern Rock showed that many UK mortgage borrowers coming to the end of their fixed rate deal could be better off if they took a mortgage with Northern Rock. The bank says it is confident it can help reduce this concern for customers, and put them back in control of their finances.
Lloyd Cochrane, head of lending products at Northern Rock, said: “Fixed rate pricing across the market is at an all time low and we continue to offer some very attractive deals