Northern Rock has added new products to its Everyday range, and cut certain Everyday residential rates by up to 0.30%.
Everyday two-year fixed rates for purchase customers with a deposit of 25% will be available at 3.89% with a £995 product fee at 4.59% for customers with a 20% deposit, or 5.29% with a deposit of 15%.
Everyday two-year Tracker rates for purchase customers will start from at 2.59% (Bank of England rate plus 2.09%). This comes with a product fee of £995 and is available up to a maximum loan-to-value rate of 70%.
In addition, northern Rock has launched new three-year fixed rates and three-year trackers. Fixed rates start from 4.29% with a £995 fee for borrowers with a 30% deposit.
A five-year Everyday fixed rate with a product fee of £995 is available from 4.99% for those with a 30% deposit.
Six new products, at the longer terms of three and five-years have also been added to Northern Rock’s buy-to-let range, with rates starting from 5.59%.
Everyday mortgages offer flexibility, including the ability to make overpayments of up to 10% each year and the option to apply for payment holidays.