Northern Rock has leapt to the top of the two year fixed rate mortgage market after slashing rates across its main range of 70% and 75% loan to value products.
The lowest of the fixed rates is now 3.65% to 1.1.2012 and is available for house purchase only, up to 70% loan to value.
Representing an excellent rate for its target market, the low fee of £595 is a welcome boost too.
Flexibility is a key component of the mortgage also, with underpayments, payment holidays, borrow back and unlimited overpayments all allowed throughout the term of the mortgage.
Top notch rate, fee and flexibility means Northern Rock has been awarded the maximum five out five Moneyfacts stars.
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