Northern Rock Reduces Mortgage Rates By Up To 0.90%
Northern Rock has announced it has reduced its mortgage rates by up to 0.90%.

NEWCASTLE, ENGLAND, August 24, 2011 /24-7PressRelease/ -- Northern Rock has reduced rates across its mortgage range by up to 0.90% and extended its GBP500 cash back incentive to include all Buy to Let (BTL) products with percentage fees.

Northern Rock's 2-Year Everyday fixed rates with a GBP995 product fee now start from 2.67% for purchase and re-mortgage customers with a 30% deposit (70% LTV), a reduction of 0.32%. For those who wish to keep their costs as low as possible however, 2-year Everyday fixed rates with no product fees, start from 3.19% at 70% LTV.

Northern Rock remains committed to assisting those with smaller deposits, including First Time Buyers. It has therefore reduced selected mortgage rates across its products at 80% LTV (20% deposit required), 85% LTV (15% deposit required) and 90% LTV (10% deposit required). A 2-Year Everyday fixed rate mortgage at 90% LTV exclusively for purchase customers, is now available from just 5.25% with a GBP995 product fee. Customers will also qualify for GBP500 cash back. Or for those who choose our Fee Saver Option, the same term is available at just 5.45%.

Following demand from BTL customers who welcomed Northern Rock's recent limited period offer of GBP750 cash back across the BTL range, the lender has also extended its GBP500 cash back incentive on selected residential products, to include all BTL products with a percentage fee.

Selected fixed rates in the Intermediary Exclusive range of mortgage products have also been reduced by up to 0.30%.

Everyday mortgages offer customers simple, straightforward mortgage deals with competitive rates and the ability to make overpayments of up to 10% each year, as well as the option to apply for payment holidays. Northern Rock continues to operate its mortgage product range within the constraints of the competitive measures agreed with the European Commission.

Press Release Contact Information:

Jule Wilson
Northern Rock
PR Contact
Northern Rock House
Gosforth, Newcastle upon Tyne
United Kingdom NE3 4PL
Voice: 0191 279 4676
Website: Visit Our Website