Northern Rock slashes fees on purchases
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Northern Rock is reducing its fees on purchase mortgages by 60% to £99, from next Monday.
The move takes the mortgage application fee for purchase customers down from £250.
The purchase range, which includes both fixed rate and tracker products, as well as buy-to-let, is designed to appeal particularly to first-time buyers and those with lower deposits.
Anth Mooney, marketing director at Northern Rock says: “This reduction to our mortgage application fee is great news for customers who are looking to keep their purchase costs low.
“There are lots of elements involved in buying a new home and this is one way Northern Rock is helping to keep things as straightforward and affordable as possible for our customers.”
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Readers' comments (2)
Anonymous | 20 Aug 2010 12:36 pm
love the comment - reduce fee to help customers.....what they mean is, "reducing upfront fees as they are so out of line with competitors and we are quiet so we want some business"
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Anonymous | 20 Aug 2010 1:52 pm
That's great news as I really try to support this lender as they dont dual price but always found the fees a little high. I am getting lots of calls from BDM's who are quiet so it will niec to tell them the business is going to NR.
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