Northern Rock Mortgages
Northern Rock is still UK's 5th largest mortgage lender, the largest financial institution in the North East of England and one of the most cost efficient UK mortgage lenders based on key performance ratios. After the headlines in 2007,
the panic has calmed down and Northern Rock is again an interesting
option.
Northern Rock offers a variety of mortgage types such as fixed rate, flexible rate, variable rate, buy-to-let mortgage for landlords, and a Lifetime Mortgage if you are nearing retirement age.
Click here for a list of the current Northern Rock Mortgage offers.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
By submitting this form you are consenting to your information being passed to an associate of Okoza who may contact you. This information may be used by us or selected partners to advise you of other useful products or services that we feel you would be interested in. Our service is free to you but to operate this service we receive fees from the lenders or brokers we refer you to. There may be a fee for mortgage advice. The adviser is obliged to disclose to you the fee before providing the advice and the precise amount will depend upon your circumstances. We estimate that a typical fee will be 1% of the sum you borrow..
A popular choice with first time buyers is the
Northern Rock Together Mortgage. It's a combined mortgage and unsecured loan that gives you extra borrowing power at the same interest rate in order to equip your home and cover the additional expenses of moving house.
You could also choose the Northern Rock Connections Mortgage. This allows you to link savings, current account and mortgage loans, which are then offset to reduce the interest charges on your mortgage.
If you want to make set repayments each month then you should consider the Northern Rock fixed
rate mortgages. If you would
like interest paid on your mortgage to follow the Bank of England base rate then
you should consider the
Northern Rock variable mortgage.
Northern Rock's Lifetime Mortgage is a loan that is aimed at the over
60 year old homeowner.
Northern Rock also offers a cashback mortgage, with a lump sum payment at the end of the loan.
Northern
Rock Buy To Let Mortgages for those wishing to let out houses.
Northern Rock mortgages also offer you the benefits of: overpayments, underpayments and payment holidays, an unsecured loan option of up to £30,000 and a help with costs option.
We also recommend you to have a look at Northern Rock Loans, labelled by Moneyfacts as one of the lowest personal loan APRs.
You can also find additional information in Northern Rock's page in
www.northernrock.co.uk.
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News & Articles: |
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Sub-prime crisis not having an affecting on UK prime mortgage market:
Even thought many mortgage lenders have been raising interest rates on their tracker
mortgages it is not an indication of the US sub-prime crisis hitting the UK prime
market, according to moneyfacts.co.uk. Over the last few days, a number of UK mortgage
lenders have raised their rates on tracker mortgages for new customers by between
0.1% and 0.25%...
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Halifax reveals mortgage holders' DIY trends: The UK's enthusiasm for
DIY looks set to continue as more and more mortgage holders seek to make their homes
more valuable. A survey from Halifax has found that nearly 25% of homeowners that
did DIY in the last 12 months only did so to add more value to their home...
- Scottish Widows launches key worker
mortgage range: Scottish Widows has launched a new mortgage for
key workers as a viable alternative to the Government’s new Open Market Homebuy
scheme. Their Key Worker Mortgage allows key workers to buy their own home outright
with a LTV of 102%; the aim is to help those who find it difficult to pay for a
deposit. Richard Clark, head of product development and marketing at Scottish Widows
Bank, says: “We have launched this product to offer Key Workers an alternative to
the existing Government scheme. With the Government recently announcing that they
will not be putting any new money into the Open Market Homebuy scheme, we believe
that our product will offer a genuine solution for Key Workers, including the opportunity
to own 100% of their property.” Scottish Widows can offer buyers income multipliers
of 5x salary for a single applicant and 5x + 1 or 4.5x joint salaries. The mortgage
is also available for key workers aged between 21 and 40 who wish to remortgage
or upsize their existing property. The key worker mortgage has rates for up to 5
years, with fixed rates, stepped fixed rates and a base rate tracker.
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Largest increase in house prices since March 2005: UK house
prices rose by 12.1% in June compared with a year ago, rising to 17.5% for London.
This is the largest rate of growth in UK house prices since March 2005, and is 1.3%
greater than the figures for May..
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Lenders drop MEAFs after FSA review: The FSA says most mortgage lenders
have dropped controversial mortgage exit administration fees (MEAFs) in response
to their Statement of Good Practice released in January. The FSA expected firms
to examine how they treat future customers and provide a platform for past customers
to seek compensation by the end of July.A sample of some of the biggest firms in
the market such as Northern Rock...
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Future launches second mortgage range: Future Mortgages has launched
a new range of second mortgages with different varieties of offerings for brokers
and consumers as well as a new online instant decision system. Their range of second
mortgages covers medium averse to prime borrowers and Future can lend 100% of the
value of a property up to £150,000...
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Mortgage shakeup to tackle UK homes crisis: Ministers plan to shakeup
Britain's mortgage market to tackle the crisis in affordable housing that is posing
a threat to the economy said the Chancellor Alistair Darling, last night. Mr. Darling
said Labour would shortly issue proposals to increase the supply of long-term fixed-rate
mortgages for terms up to 25 years, amid concern that some of the bigger lenders
such as Northern Rock are only offering shorter-term mortgages so they can repeatedly
charge high arrangement fees...
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Homebuyers warned not to forget valuation fees: Homebuyers must think
about the cost of their valuation fees - a fee that is often forgotten amongst other
home buying costs - when choosing a mortgage, according to Moneyfacts.co.uk. Among
the top lenders such as Northern Rock, Barclays, Abbey and Mortgage Express, the
difference in costs for a basic valuation is £360 and up to £345 for a homebuyer
valuation, based on a £200,000 mortgage...
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HSBC mortgages provides greater choice: For those people wanting the
security of repaying a set amount each month, HSBC provides both standard, plus
and premier fixed-rate deals, which compare fabvourbaly with other fixed rate deals
form leading lenders suh as Abbey or Northern Rock.
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New buy to let mortgage gives hope to some:
First time buyers may have an answer to the question of how do I raise a deposit
for the first rung of the property ladder? Answer: buy-to-let mortgages from companies
such as Northern Rock....
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Massive rise in mortgage lending: Nationwide, the
UK
's largest building society, noted in a press release in May that net annual mortgage
lending has gone up 92.7% to £10.6bn. Differing rate increase but the same overall
theme has also been seen by other major players such as Northern Rock, Abbey, Mortgage
Express and Barclays...
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Alliance & Leicester extends its specialist mortgage range: Alliance & Leicester has improved its specialist mortgage range, and offers three 2 year self-certified mortgages, two of which are fixed-rate. Alliance & Leicester and other lenders are pulling their entire range while some such as Northern Rock have put products on withdrawal watch....
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Slight slowing in mortgage lending
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Northern Rock mortgage Network is upgraded: Northern Rock has broadened its distribution network services by giving the added benefit at its mortgage branches of deposit taking facilities...
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The Mortgage Market is Solid According to Northern Rock: Northern Rock stated today that the country's mortgage and housing market looked good despite recent Bank of England Interest Rate increases...
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Improvement to Northern Rock's Mortgage Products
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Northern Rock increases market share
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New loan from Northern Rock
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