"Northern Rock is delighted to accept the Mortgage Introducer Lender Award for the 'Best Flexible Lender’ in recognition of the value of true flexibility to both intermediaries and their clients.
"In addition to competitive rates of interest and a first class service proposition, Northern Rock offers a unique range of fully flexible residential and buy-to-let products. Used correctly, the flexible features can really benefit clients and help them to plan for lifestyle changes. This is a particularly relevant feature in connection with longer term fixed rate products."
"Key features of our flexible product range include:
- Overpayments – Enabling unlimited penalty-free overpayments down to £1 of the mortgage balance
- Borrow back facility – Allowing the redrawing of any previous overpayments at the product rate (minimum borrow back of £500), with no forms to fill in or fees to pay. Borrowers can expect the money in their bank account within 3 to 5 working days.
- Underpayments – Borrowers can underpay to the value of any overpayments previously made.
- Payment holidays – Our flexible products allow the option to take a holiday from regular monthly payments without needing to have made any overpayments. (Interest at the prevailing mortgage rate will continue to be charged during the period of the payment holiday.)"
Catherine Elliot of Northern Rock accepts the Best Provider of Flexible Mortgages award from MI Editor Angela Faherty and Hal Cruttenden
