Northern Rock has announced the launch of a new range of mortgage products, available from Wednesday 26 November.

New residential mortgage customers can also choose to fix their interest rate and monthly payments from a choice of 1, 2, 5, or 10 years. Northern Rock offers three LTV tiers for residential borrowers at 65%, 75% and 85% LTV.

New residential mortgage customers who are looking for a flexible fixed rate product can choose from either a £995 fee option or a Fee Saver Option.

Northern Rock’s Buy to Let product range is available to both remortgage and purchase customers. Buy to Let 2 Year Fixed rates remain unchanged and start from 6.29%.

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

The products outlined in this communication are not available to existing Northern Rock customers who wish to change their existing mortgage deal without moving home.

Standard features and benefits of Northern Rock’s mortgage range include:

* Full flexibility (excluding Lifetime products), offering daily interest calculation, unlimited penalty free overpayments, underpayments, borrow back at the product rate and payment holidays (subject to qualifying criteria).
* A Fee Saver Option available on most products.
* No overhanging Early Repayment Charges on any Northern Rock mortgage product.
* No Higher Lending Charge.