Northern Rock improves its intermediary exclusive deals

Northern Rock has introduced another competitive range of fixed rate mortgages available exclusively through its intermediary partners.

All of the deals are available to both purchase and remortgage customers and the range includes a raft of new mortgage products available with no product fee. The remortgage deals offer Northern Rock’s usual incentive of a free basic valuation and free standard legal costs.

2-Year Fixed rate deal with no product fee is available at 3.34% for those with a 30% deposit (70% LTV). 3-Year Fixed rate mortgage with no product fee is now 3.99% up to 70% LTV, and a 5-Year deal without a product fee is 4.49% up to 70% LTV.

For customers who choose to pay a product fee there is a new 2-Year Fixed rate deal at 3.05% up to 70% LTV wth a £995 fee, or a 2-Year Fixed rate is available at 2.89% up to 70% LTV for a higher product fee of £1,595.

For customers looking for an LTV of up to 75%, a 2-Year Fixed rate is available at 3.09% with a £1,595 product fee. (Maximum loan size is £250,000 on deals with a £1,595 product fee.)

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. For more information, visit northernrock.co.uk/Mortgages/