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Northern Rock cuts mortgage rates by up to 0.70%

Northern Rock is reducing rates across its purchase, remortgage and buy-to-let mortgage ranges by up to 0.70%.

New rates include the lender’s two-year fix available exclusively via intermediaries, which is on offer to purchase and remortgage customers at 2.89% with a £995 product fee at 70% LTV.

Meanwhile its three-year fixed rate intermediary exclusive at 70% LTV with no product fee is now available at 3.82%, and its five-year fix at 70% LTV with no product fee comes with a rate of 4.45%.

Buy-to-let rates start now from 3.25% for a two-year everyday fixed rate mortgage with a 3.5% product fee, at 60% LTV, while the two-year everyday fixed rate deal at 70% LTV is available at 3.59% with a 3.5% fee.

Finally, selected buy-to-let trackers at both 60% and 70% LTV have been reduced, with rates now starting from 2.99%.

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  • Tom Cleary 24th June 2011 at 1:23 pm

    Great to see The Rock are serious about increasing their market share. They want to lend and support the Intermediary Sector. Good on them and we shall certainly be doing everything we can to support them wherever possible…