Northern Rock reduces mortgage rates

In keeping with the lender’s commitment to those with smaller deposits, rates at both 80% and 85% LTV have been reduced. And Northern Rock’s cashback feature has now been extended across the whole buy-to let range.

In addition to the changes to its core range, the lender has also refreshed its products available exclusively through intermediaries registered with a Northern Rock national account.

Speaking about the improvements, Lloyd Cochrane, head of lending products at Northern Rock, said: “We are delighted to extend our cashback incentive across the whole of our attractive range of buy-to-let products and, with these further reductions to the residential range, we are confident there is something for everyone – particularly those with smaller deposits.”