This means that all Northern Rock products, including Home Equity Release and Buy to Let, are available with the option of having no Arrangement Fee to pay.
2 Year Flexible Fixed rates with no extended Early Repayment Charge, for example, are available from 4.79% when the Arrangement Fee is paid up front. Alternatively, with no Arrangement Fee rates start from 5.14%. The award winning together range, which lets clients borrow up to 125% of the property value (maximum secured LTV 95%), has also been refreshed. The together 2 Year Flexible Fixed starts at 5.89%, or 6.24% with no Arrangement Fee. The together Variable is now available from 5.29%, or 5.59% with no Arrangement Fee.
The Connections (Offset) 7 Year Base Rate Tracker now starts at 2.29%, or 2.49% with no Arrangement Fee. The rate includes a competitive 3.00% discount for the first 6 months and clients can offset their Savings and/or Current Account balance against the mortgage.
With no Risk Charge (MIG) payable on any product, £500 Help With Costs cashback (on selected products) and Rapid Remortgage Service, with free legal fees, the new Arrangement Fee Save offer will appeal to anyone looking to minimise the initial cost of taking out a new mortgage.
