For loans up to 95% LTV, the rate is 4.99% and in keeping with all Northern Rock products, is free of any higher lending fee. These products are available to both purchase and remortgage customers and are fully flexible, allowing underpayments, overpayments, redraws and payment holidays.
Northern Rock is also continuing to offer the Help With Costs option of £1,000 benefit on all products (excluding Home Equity Release and CAT Standard mortgages), but has reduced the clawback period applying to this benefit to three years. Help With Costs can assist borrowers in covering the cost of taking out a new mortgage, and is available to both purchase and remortgage customers.
