Northern Rock the mortgage market - Mortgages - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Northern Rock the mortgage market

Northern Rock the mortgage market

Category: Mortgages

Updated: 26/10/2009
First Published: 26/10/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.

Compare fixed rate mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Building societies winning the mortgage rate war

Competition is fierce in the mortgage market, and borrowers may assume that the rates from banks will be significantly lower than those elsewhere. However, things aren’t as they seem, as building societies are the winners of the mortgage rate war.

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.