Standard Variable Mortgage Rate
- Our Standard Variable Rate for mortgages is currently 4.79%
- Our Loyalty Rate for qualifying customers is currently 4.54%
Questions and Answers:
What is the Northern Rock Loyalty Rate and how do I qualify for it?
The Northern Rock Loyalty Rate is a discount of 0.25% from our Standard Variable Rate and applies if you meet the following criteria:
- you are an existing residential Northern Rock mortgage customer and have held your mortgage with us on the same property for 7 years, and
- your mortgage payments are up to date, and
- you do not currently benefit from a special rate (such as a fixed or tracker rate), and
- you are not currently within an Early Repayment Charge period
I have a Tracker mortgage. When will my interest rate be amended following a change to the Bank of England Base Rate?
If your mortgage interest rate tracks the Bank of England Base Rate, it will be increased or decreased in line with any change to the Bank of England Base Rate.
Your interest rate will be reviewed the first day of the month following any change to the Bank of England Base Rate, with the new interest rate taking effect from the first day of the month following the review. Please refer to your Offer of Loan for the full terms and conditions of your mortgage deal.
We will write to you ahead of any change being made to the interest rate that is applied to your mortgage.
My Northern Rock mortgage has a Base Rate Guarantee. How does a Bank of England Base Rate change affect me?
We will continue to honour all Base Rate Guarantees where applicable. Where a mortgage has a Base Rate Guarantee the interest rate charged will be amended the first day of the month following any change to the Bank of England Base Rate. Please refer to your Offer of Loan for the full terms and conditions of your mortgage deal.
We will write to you ahead of any change being made to the interest rate that is applied to your mortgage.
Contact Us
If you have any queries regarding your residential mortgage, you can contact us on 0845 604 4870. Our lines are open 8:30am to 5:00pm weekdays.
Buy to Let customers should contact us on 0845 602 4578. Lines are open 9.00am to 5.00pm weekdays.
(Calls are charged at your service provider's prevailing rate and may be monitored and recorded).
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE