Northern Rock launches 80 per cent LTV rates
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Northern Rock has launched new intermediary fixed rates available up to 80 per cent loan to value including a 2 year fixed rate of 5.69 per cent for residential purchase customers.
The lender says these new products demonstrate its commitment to the intermediary market.
It has also released a 5 year fixed rate for 6.39 per cent for purchase customers and 6.49 per cent for remortgage customers.
Purchase customers will pay £595 in fees while remortgage customers will pay £995 and will get a free basic valuation and free legal fees.
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Readers' comments (2)
Anonymous | 20 Oct 2009 10:56 am
awful rates at 80% LTV - almost every other lender is offering intermediary busting direct only exclusives with higher LTVs and lower rates. I love their commitment to intermediaries - but we are a dying breed getting killed off by lenders. Im shutting up shop next year - mortgage brokers have had it.
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Anonymous | 20 Oct 2009 9:17 pm
Awful rates at 80% - are you kidding? These are some of the best. Haven't used the rock for a while but will be giving them a chance in the near future.
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