Northern Rock cuts rates

Sarah Davidson

March 25, 2011

Selected rates across its residential 2 and 3-year mortgage range have been cut, and Everyday Fixed rates for customers with a 30% deposit are now available from just 3.39% with a £995 product fee.

Those purchase customers with smaller deposits can also benefit from a reduction to Northern Rock’s 2-Year Fixed rate Everyday residential mortgage available at 90% LTV at 5.88%, which has no product fee.

Everyday mortgages offer customers straightforward mortgage deals with the ability to make overpayments of up to 10% each year, as well as the option to apply for payment holidays.

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