View more on these topics

Northern Rock launches new mortgage range

Northern Rock has launched a new mortgage range in a bid to retain its presence in the UK mortgage market.

The range includes remortgage products offering free standard valuations and free standard legal costs.

Remortgage fixed rates are available from 6.49 per cent and two and five year flexible fixed rates will come with a £995 product fee or a fee saver option.

Buy to Let mortgages are available to both remortgage and purchase customers and offer a choice between 2 Year flexible fixed rates and tracker for life products.

Lifetime mortgages are available at a fixed rate of 6.99 per cent with a £595 Product Fee.

All of its products come with no overhanging early repayment charges.

Commercial director Anth Mooney says: “The revised mortgage range, particularly the introduction of new products specifically for remortgage customers, reflects our ongoing determination to build a viable mortgage business in accordance with our published business plan and Competitive Framework.

“While we intend to reduce the size of our mortgage book by accelerating redemptions, we also aim to maintain a presence in the UK mortgage market and originate a modest level of new loans without distorting competition. We believe this new range, offering a specific remortgage product, will help us to do just that.”


‘VCTs lower targets to pull in fees’

Hargreaves Lansdown investment manager Ben Yearsley claims a number of venture capital trusts are reducing the levels at which performance fees kick in to make them more achievable.

A shaw thing

Annie Shaw is a freelance financial journalist
The week started with a quick snifter with the journalists’ group my husband calls “the witches’ coven”, that I have been admonished for calling “the agony aunts” (not all are female) and which is in fact a group of senior freelance journalists, many, but not all, of whom are newspaper consumer champions, who like to chew the fat and put the world to rights once a month.

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm