Northern Rock reduces mortgage rates by up to 0.90%
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Northern Rock has reduced rates across its mortgage range by up to 0.90% and extended its £500 cashback incentive to include all buy-to-let products with percentage fees.
Northern Rock’s two-year Everyday fixed rates with a £995 product fee now start from 2.67% for both purchase and remortgage customers with a 30% deposit, up to 70% LTV, a reduction of 0.32%.
Its two-year Everyday fixed rates with no product fees, start from 3.19% at 70% LTV.
Northern Rock has also reduced selected mortgage rates across its products at 80% LTV, 85% LTV and 90% LTV.
A two-year Everyday fixed rate mortgage at 90% LTV exclusively for purchase customers, is now available from 5.25% with a £995 product fee.
Customers will also qualify for £500 cashback. Or for those who choose its Fee Saver Option, the same term is available at 5.45%.
It says following demand from BTL customers the lender has also extended its £500 cashback incentive on selected residential products, to include all BTL products with a percentage fee.
Selected fixed rates in the Intermediary Exclusive range of mortgage products have also been reduced by up to 0.30%.
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