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New Mortgage range hits the scene

07/07/2008

Latest mortgage news unveils a new remortgage range offering by Northern Rock.  The Launch comes in line with attempts to ensure Northern Rock still has a foot in the UK mortgage game.

The new remortgage range offers customers free standard legal costs and a free standard valuation.   In addition, they all feature no early repayment charges.

 Anth Mooney, Commercial Director for Northern Rock commented, The revised mortgage range, particularly the introduction of new products specifically for remortgage customers, reflects our ongoing determination to build a viable mortgage business in accordance with our published business plan and Competitive Framework.

“While we intend to reduce the size of our mortgage book by accelerating redemptions, we also aim to maintain a presence in the UK mortgage market and originate a modest level of new loans without distorting competition. We believe this new range, offering a specific remortgage product, will help us to do just that.”

Mortgage Rates for Lifetime mortgages will be offered at 6.99 on a fixed rate and a product fee of £595.

With a £995 product fee or the fee saver option customers could opt for a flexible fixed rate over a two or five year and those customers who require a remortgage with fixed rate could get one from 6.49 per cent.


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