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Northern Rock launches 80 per cent LTV rates

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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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Avenue & Co Private Finance 20th October 2009 at 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.

  2. 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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