Northern Rock cuts rates on Everyday range

Northern Rock has cut rates on selected deals within its Everyday mortgage range by up to 0.3% and launched additional rates for residential and buy-to-let business.

The lender first launched the range in January which offers borrowers an overpayment facility of up to 10% each year and the option to apply for repayment holidays.

It has cut the rates its two-year fixed rate deals to offer a 3.89% deal at up to 75% LTV, a 4.59% rate at up to 80% LTV, and a 5.29% product at up to 85% LTV.

All three products are for purchase deals only and come with a £995 fee.

The lender has also cut the rate on its two-year tracker to 2.59%, or Bank of England base rate plus 2.09%.

It comes with a £995 fee and is available for purchases at a maximum 70% LTV.

Northern Rock has also launched several fixed rate and tracker deals, including a three-year fixed rate deal at 4.29% with a £995 fee and available up to 70% LTV.

Six fixed rate deals have been to added to the buy-to-let range with rates from 5.59%.