Northern Rock launches tracker range

Northern Rock has launched a tracker range, with a two-year flexible base rate tracker available at 3.29% for both purchase and remortgage.

The tracker comes with £995 product fee and a maximum LTV of 65%. and also comes with a fee-free option at a higher rate of 3.89%.

Selected flexible fixed rate mortgages have also been reduced by up to 0.40%. A two-year flexible fixed rate starts from as little as 4.09% with a fee of £995, or from 5.09% with no product fee.

Five-year flexible fixed rates now start from 5.79% with a £995 product fee, or from 6.19% with no product fee.

Standard features and benefits of Northern Rock’s mortgage range include:

• Full flexibility (excluding Lifetime products) offering daily interest calculation, unlimited penalty free overpayments, underpayments, borrow back at the product rate and payment holidays (subject to meeting qualifying criteria).

• A Fee Saver Option available on all residential mortgage products.

• No overhanging Early Repayment Charges on any Northern Rock mortgage product.

• No Higher Lending Charge.