Northern Rock’s two year fixed rates with a £995 product fee will now start from 2.77% for both purchase and remortgage customers with a 30% deposit (70% LTV). Or, for those who wish to keep their fee costs as low as possible, a 2-year fixed rate with no product fee is 3.19% at 70% LTV.
Those who would prefer to fix for longer can choose a new five year rate at 75% LTV for 4.25%.
All of these products are available exclusively through intermediaries registered with a Northern Rock account. Northern Rock’s remortgage products also offer the lender’s standard free valuation and legal package.
Northern Rock has also made a number of changes to the early repayment charges across all mortgage products (both core range and intermediary exclusives). Charges are now set at 1% on all tracker products, 2.5% on two year fixed rates, 3.5% on three year fixed rates and 5% on rates fixed for five years.
