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Northern Rock Intermediaries – 2-Year Everyday Fixed – Purchase

Northern Rock Intermediaries – 2-Year Everyday Fixed – Purchase

Type: Fixed-rate mortgage

Fixed term: Until April 1, 2012

Fixed rate: Loans up to 85% of valuation – 6.59%, up to 80% of valuation – 5.09%, up to 75% of valuation  – 4.09%, up to 70% of valuation – 3.59%

Minimum loan: None

Maximum loan: Up to 85% of valuation subject to a maximum of £500,000, up to 80% of valuation subject to a maximum of £1m

Income multiples: Up to 4.5 times principal income plus second or 4.2 times joint

Conditions: Capital repayments of up to 10% a year allowed without penalty, payment holidays for up to three months

Arrangement fee: £595

Redemption fee: 4% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

Contact: www.northernrock.co.uk/intermediaries

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