View more on these topics

Northern Rock trims 1% from trackers

Northern Rock is applying the full 1% rate cut to existing tracker mortgages, the lender has announced today.

The government-backed lender is also cutting its SVR by 0.50% to 5.34% per annum, with effect from January 1 next year.

The same rate cut has been applied to the bank’s loyalty discount. The lender is offering borrowers who qualify for the loyalty discount a rate of 5.09% per annum, again with effect from January 1.

Savings rates will be reduced by up to 1.50%.


RBSIP sets up free broker callback service

Royal Bank of Scotland Intermediary Partners has set up a free online callback service that allows brokers to book time slots to speak to the lender and resolve enquiries about their cases.

FSA gives go-ahead to Cheshire and Nationwide merger

The Financial Services Authority has confirmed the proposed merger of the Cheshire to the Nationwide will go ahead. The FSA says one of the points raised at a hearing held in Macclesfield on November 20 2008 was in respect of the Financial Services Compensation Scheme. Some members had placed deposits up to the maximum amount […]


News and expert analysis straight to your inbox

Sign up