Northern Rock launches ‘Everyday’ mortgage deals

Northern Rock has introduced a new range of ‘Everyday’ mortgages, which will be available from Monday (25 January 2010). They offer customers simple, straightforward mortgage deals with competitive rates, the ability to make overpayments of up to 10% each year, and the option to request payment holidays.

Everyday 2-year Fixed Rates start from just 3.69%, while Everyday 5-year Fixed Rates start from 5.19%. There are also Everyday Trackers available from just 2.75%.

Residential remortgage customers are also able to benefit from free basic valuations and free standard legal fees on the entire range.

Customers who may wish to take advantage of additional flexibility, including unlimited overpayments, payment holidays, underpayments and borrow-back options, can opt for the new 2-year Flexible Tracker from our ‘Flexible’ range starting from 2.99%.

Lloyd Cochrane, Head of Mortgage Products at Northern Rock said: "For those customers who would like a full range of flexible features, we continue to offer a ‘Flexible’ mortgage range.

"Many customers have recently told us that while fully flexible features are nice to have, they don’t often take full advantage of them. We listen to our customers and these new ‘Everyday’ products will meet the needs of many people by offering competitive rates with the right level of flexibility for them."