Northern Rock launches 90% LTV fix at 4.95% for one week
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Northern Rock has launched a series of two, three and five-year fixed rate mortgage deals exclusively for brokers for one week only.
It is offering:
A two-year fixed rate at 2.48% with £995 product fee - available to both purchase and remortgage borrowers at 50% LTV and a two-year fixed rate at 4.95% with no product fee and £250 cashback incentive at 90% LTV.
It is also offering 75% LTV fixed rates for the price of its current 70% LTV core products:
- A two-year fixed rate at 2.67% up to 75% LTV with £995 product fee
- A three-year fixed rate at 3.19% up to 75% LTV with £995 product fee
- A five-year fixed rate at 3.85% up to 75% LTV with £995 product fee
Lloyd Cochrane, head of lending products at Northern Rock, says: “This exciting new product range is a one week special designed exclusively for the intermediary sector with market leading rates and features.
“This is another example of our ongoing support for the intermediary sector and we believe that with a fixed withdrawal date, brokers will appreciate that they need to act fast to avoid disappointment.”
Applications must be received by 8pm on September 5 and the mortgages mature on November 1 of their respective year.
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