Northern Rock mortgage product update by Virgin Money.
A Northern Rock mortgage product update has been issued. The lender, who was bought by Virgin Money at the end of last year advises that its product range has been adapted in response to market changes
Cashback of up to £500 is now being offer across all buy to let Northern Rock mortgage products to support what the lender views is an important market.
Those with smaller mortgage deposits are also being considered by the lender who is continuing to offer cashback of £500 and higher LTV products, a 90 % LTV product will be offered at 5.69 %.
Northern Rock now offer a 2 year fixed rate for 85 per cent LTV at a reduced rate of 4.59 % with a £995 fee. Other 2 year fixes will be offered from a starting rate of 3.59 % for 70 % LTV with a £995 fee and 3 year fixes will be also offered for 70% LTV starting from 3.89 % with a £995 fee. Tracker rates have also been amended with a 2 year deal starting from a rate of 3.35 % for 70 % LTV with a £995 fee
Various buy to lets have also been reduced, 2 year fixed rate options are now available starting from a rate of 4.45 % with a £995 fee and 2 year tracker rates are also available offered from 4.18% with a £995 fee.
For the most competitive Northern rock mortgage rates and comparison of other UK lenders offers contact Deal Direct and we will find a great deal for you.
