Northern Rock cuts mortgage rates by up to 0.50%

Northern Rock has reduced rates on mortgage products from its residential and buy-to-let ranges by up to 0.50%.

Among the improvements is the lender’s two-year fixed rate deal at 70% LTV, which is now available at 2.99% exclusively through its intermediary partners.

All of the remaining reductions are available to both purchase and remortgage customers, and include a two-year Everyday fixed rate deal at 3.19% with a £995 product fee, or at 3.65% with no product fee, which is available up to 75% LTV.

Northern Rock is also now offering a three-year fix up to 75% LTV with a £995 product fee at 4.59%, while its buy-to-let rates start from 3.39% for a two-year Everyday fix with a 3.5% product fee, available up to 60% LTV.

It also has a flat fee option priced at 4.79% with a £1,995 fee for a two-year buy-to-let fixed rate deal available up to 60% LTV.