Rates start at 3.99% up to 85% LTV or 4.19% up to 95% LTV. These products offer either a 1.50% (85% LTV) discount or 1.30% discount (95% LTV) off the Northern Rock standard variable mortgage base rate until 1 October 2005 (current SVR 5.49%) and have no early repayment charge.
On top of this they are fully flexible, allowing unlimited overpayments, underpayments, payment holidays and redraws. The Optional Unsecured Cash Reserve is also available and can take borrowing up to a maximum of 100% LTV, at a rate of 6.49%. Also offering fully flexible features, the Unsecured Cash Reserve is available for sums of £1,000 up to £10,000, subject to the LTV limit.
