Northern Rock reduces Everyday mortgage rates

Northern Rock has reduced selected products within its Everyday range of residential mortgages, with new rates available from today.

Everyday mortgages offer customers the ability to make overpayments of up to 10% each year and the option to apply for payment holidays.

Everyday two-year fixed rates for customers with a 30% deposit start from 3.29%, or 3.68% for customers with a 25% deposit. Both of these deals have product fees of £995 and are available for purchase and remortgage customers.

Everyday three-year fixed rates, which were introduced to the market last month, are available from 4.38% for customers with a 25% deposit and a product fee of £995.

Everyday two-year tracker rates now start from 2.48% (Bank of England rate plus 1.98%) with a product fee of £995, for purchase customers with a 30% deposit.

It is also offering 80% LTV Everyday two-year fixed rates start from 4.59%, or 4.89% for an Everyday three-year fixed rate. Both deals have product fees of £995.

In addition, 85% LTV Everyday two-year fixed rates are available from 5.29%, or 5.59% for an Everyday three-year fixed rate. Again, both deals have product fees of £995.

Northern Rock offers a free basic valuation and free standard legal costs on residential remortgage cases.