Northern Rock cuts rates on two-year flexible fixes

The new rates, with no extended early repayment charge, are 4.69% with arrangement fee, or 5.09% without an arrangement fee.

Stepped Flexible Fixed rates have also been reduced by 0.1% and now start at 3.69%.

All of these products are fully flexible, offer a £1,000 Help with Costs option and have no Higher Lending Charge.