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Northern Rock increases fixed, tracker and B2L rates

Northern Rock is increasing the rates on selected fixed rates, trackers and buy-to-let deals from the start of business tomorrow.

A spokeswoman for the lender says the move is a repositioning of its place in the market in terms of volume.

Selected two, three and five-year fixed rates are being increased by between 0.1% and 0.4%.

And all trackers and buy-to-let deals are rising by 0.1%.

Drew Wotherspoon, director of marketing at John Charcol, says the Northern Rock deals were sitting out on their own as highly competitive.

He says: “As a lot of other lenders have pulled their rates these were highly competitive and would have started to attract a lot of attention.”



A flurry of activity on the product front

Rate hikes from Yorkshire Building Society and First Direct has meant lenders like Abbey and Northern Rock are offering some of the most competitive rates in the market and brokers can access many of them. First Direct had the lowest two and five-year fixes for a while but it has increased its rates by about […]

GEMHL drops its igroup branding in product shuffle

GE Money Home Lending revealed last week it would scrap its igroup brand on February 4 and all its products would come under the GE Money brand. The lender is also making a number of changes to its product range and increasing the maximum LTV for first-time buyers to 80% LTV from 75%. The maximum […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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  • Tom Cleary 1st February 2011 at 5:21 pm

    Northern Rock are increasing their rates. Nationwide are reducing theirs. What is going on? Anyone?