Northern Rock reduces rates on mortgage range

The lender has further improved its 2-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% for those with a 30% deposit (70% LTV).

Alongside these changes, the 3-year fixed rate intermediary exclusive at 70% LTV with no product fee is now available at 3.82%, and those who wish to secure a 5-year fixed rate at 70% LTV with no product fee can do so 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 2-year everyday fixed rate mortgage with a 3.5% product fee, at 60% LTV. Those with a 30% deposit (70% LTV) can opt for a 2-year everyday fixed rate mortgage with a 3.5% at 3.59%.

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