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Rock n' Roll: Northern Rock's new mortgages

Catherine Deshayes

Northern Rock has announced its new range of fixed rate and tracker mortgage products, which are now available...

The new range continues to offer a free basic valuation and free standard legal work for residential remortgages.

New residential mortgage customers can choose to fix their interest rate and monthly payments from a choice of 2, 5, 10 or 15 years. Residential fixed rates start from 5.79 per cent with a £1,995 product fee.

New residential mortgage customers who are looking for a flexible fixed rate product have the option of choosing a product fee from several tiers, which range from £1,995 to a Fee Saver Option, for those borrowers who are looking to keep their fee costs as low as possible.

Northern Rock's Buy to Let product range is available to both remortgage and purchase customers. Customers can choose between two Year Flexible Fixed rates, from 5.99 per cent with a 2.5 per cent fee, and Tracker for Life products.

The Lifetime mortgage range also remains unchanged at a fixed rate of 6.59 per cent with a £595 Product Fee.

Current residential mortgage products are not available to existing customers

Source: www.housefund.co.uk