Northern Rock the mortgage market - Mortgages - News - Moneyfacts


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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.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

Goodbye to the Help to Buy Guarantee

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. It’s certainly done wonders for the high loan-to-value sector, so we thought we’d take a closer look at the significance of the scheme and the effect it’s had.

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.