Selected Everyday fixed rate deals at 80%, 85% and 90% LTV will offer £500 cashback, while £750 cashback is available for a limited time on all buy-to-let deals until 8 August 2011.
In addition, Northern Rock has cut interest rates on its Everyday mortgages by up to 0.30% and extended its porting policy to all new customers.
Interest rate reductions include it two-year Everyday tracker mortgage with a £995 fee, now at 2.38% up to 70% LTV and 2.48% up to 75% LTV. Both deals are available for purchase and remortgage.
In addition, all new customers completing a mortgage from today will be able to port their existing mortgage balance or a reduced balance, subject to ERCs, and customers can also apply for additional borrowing to purchase their next property.
Lloyd Cochrane, head of lending products at Northern Rock, said: “We continue to listen to what our customers and our intermediary partners tell us. The addition of cashback products to our range and the changes we are making to our porting policy are more evidence of us delivering what our customers and partners want.”
