Northern Rock is launching a new mortgage range in response to recent market changes and the adjusted Bank of England Base Rate.

Available from Monday 20 November 2006, Northern Rock continues to offer its Together mortgages from 5.89% with borrowers able to choose from a range of variable or fixed rates.

Northern Rock has also held the rate on a two-year fixed rate from 3.99% with no Early Repayment Charge. Primarily aimed at new build customers, the mortgage has a 2.5% product fee, which builders may offer to cover as an incentive.

 

 

There is also an 18-month flexible fixed rate mortgage available from 4.59% up to 85% LTV with £1,195 product fee and two-year flexible fixed rate mortgages available from 4.79% up to 85% LTV with £1,195 product fee.

Northern Rock marketing director Allison Thompson said: “After a general rise in interest rates, it is important to maintain affordable products for homebuyers. By holding rates on our headline Together range, we believe these products with their flexible features will continue to have a competitive edge, especially in the first-time buyer market."  All Northern Rocks rates are available from the advisers of www.Mortgage-Shop.co.uk online or by FREEPHONE 0800 092 0800 24 hours a day.