Northern Rock spent the summer vigorously adjusting their rates and incentives to appeal to customers right across the borrowing spectrum.

In August they reduced interest rates in a bid to attract more first-time buyers and those who are remortgaging. They also extended their cashback incentive to a selection of their buy-to-let mortgages, hoping to entice landlords into borrowing from them.

Rates have come down by as much as 0.9% on mortgages for both purchase and remortgage customers, and better value loans with no product fees are also available for those wishing to keep initial costs down.

For first-time buyers Northern Rock have reduced selected mortgage rates on products with higher loan-to-value, including the 90% LTV.

And they have not forgotten the buy-to-let market: they are offering a £500 cashback incentive, already given with many of their other products, on all buy-to-let mortgages with percentage fees.

Safe hands

We are always glad for our customers when better deals come to the market, and especially when the lender is Northern Rock. Don’t forget, now that the company is effectively state-owned, there is no safer lender out there.

If you would like to know full details of the Northern Rock offers and whether there is one to suit your situation, we would love to talk to you.

Posted in Buy-to-let, First Time Buyers, Mortgages, Next Time Buyers, Remortgaging