Northern Rock reduces flexible fixed rates

The new rates, with no extended early repayment charge, now start at 4.59% for two years and 4.69% for three years.

Reductions have also been applied to the Stepped Flexible Fixed range with rates now starting at 3.59% in year one.

The above products come with daily interest, £1,000 Help with Costs option, the ability to make overpayments, underpayments, borrow-back and payment holiday facilities.