Interest rates across the Everyday residential and tracker range have been cut by up to 0.50% with 2-year residential fixed rate mortgages starting from 3.10% at 70% loan to value for both purchase and remortgage customers.
The lender has also lowered rates on its 80% and 85% LTVs 2-year fixed rate mortgages for purchase customers at 4.08% with a £995 product fee at 80% LTV.
In addition Everyday buy-to-let 2-year fixed rates with a 2.5% product fee now start from 4.29% at 60% LTV.
Graeme Tones, a spokesman from Northern Rock, said: “Recent movements in the mortgage industry have made it a particularly competitive market at the moment and our mortgage rate changes reflect this. These cuts allow us to compete effectively to the benefit of consumers and the taxpayer.”
