Northern Rock announces new mortgage range

Northern Rock has announced its new range of fixed rate and tracker mortgage products, which are now available.

The new range continues to offer a free basic valuation and free standard legal work for residential remortgages.

New residential mortgage customers can choose to fix their interest rate and monthly payments from a choice of 2, 5, 10 or 15 years. Residential fixed rates start from 5.79% with a £1,995 product fee.

New residential mortgage customers who are looking for a flexible fixed rate product have the option of choosing a product fee from several tiers, which range from £1,995 to a Fee Saver Option, for those borrowers who are looking to keep their fee costs as low as possible.

# Short term Flexible Fixed Rate mortgages available from 5.79% for both residential purchase and remortgage customers
# 5 Year Flexible Fixed rates from 5.89%
# 10 and 15 Year Flexible Fixed Rate mortgages starting from 6.39% with no additional product fee
# Buy To Let mortgages available from 5.99%
# Lifetime mortgages unchanged, available at a fixed rate of 6.59%
# Free basic valuation and free standard legal work for residential remortgages

Northern Rock’s Buy to Let product range is available to both remortgage and purchase customers. Customers can choose between 2 Year Flexible Fixed rates, from 5.99% with a 2.5% fee, and Tracker for Life products.

The Lifetime mortgage range also remains unchanged at a fixed rate of 6.59% with a £595 Product Fee.

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