Sunday, November 15, 2009

Northern Rock introduces flexible mortgage range for residential purchase customers

Northern Rock has launched a range of mortgages for residential purchase, a 2-year Flexible Fixed Rate from 3.99% up to 65% LTV, a 5-year Flexible Fixed Rate from 5.69% up to 65% LTV, and a 2-year purchase Flexible Tracker Rates from 2.99% up to 65% LTV.

The new two-year Flexible Tracker mortgage is available to residential purchase customers for 2.99% (BOE + 2.49%) with a £995 Product Fee, or with no Product Fee for 3.79% (BOE + 3.29%), Both options are offered to a maximum of 65% LTV.

Two-Year Flexible Fixed Rate mortgages for purchase customers are now available from just 3.99% with a £995 Product Fee or from 4.89% for customers who choose a Fee Saver Option.

A two-year Flexible Fixed Rate is available at 5.19% at 75% LTV with no Product Fee, or the lower rate of 4.55% with a Product Fee of £995.

Five-year Flexible Fixed Rates are also on offer to residential purchase customers starting from 5.69% with a £995 product fee, or from 6.19% with no Product Fee for loans up to 65% LTV

Remortgage products are also available with the added incentives of free basic valuations and free standard legal fees.


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