Northern Rock improves broker exclusives

Nia Williams

July 8, 2011

Northern Rock’s 2-year fixed rates with no product fee will now start from 3.25% for both purchase and remortgage customers. Three-year fixed rates with no product fee will now be available at 3.64% for both purchase and remortgage customers.

Northern Rock’s remortgage products offer the lender’s standard free valuation and legal package, and are available to all intermediaries registered with a Northern Rock National Account.

Alongside the improvements to its Exclusive product range, Northern Rock has made a number of changes to its core products, including reductions to its Fee Saver products, trackers and BTL fixed rates.

The lender continues to offer support to borrowers with lower deposits, with the largest rate reductions affecting higher LTV residential deals. A 2-year Everyday fixed rate mortgage at 85% LTV (15% deposit required) with no product fee is now available from just 4.38%.

Everyday mortgages offer customers simple, straightforward mortgage deals with competitive rates and 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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