It is difficult to walk through a day right now without hearing about a tempting remortgage deal.  Lenders are taking stock of what borrowers need within deals, and offering it to them.  Excellent terms, low interest rates, longer payoff periods, and higher loan to value are some of the factors which borrowers are asking for.  Large populations of UK homeowners are seeing opportunities presented to them unheard of just months ago.

One of the latest rare mortgage deals is being offered by Northern Rock and this one won’t last long.  It is scheduled to be available for one week only and exclusively offered through brokers.  Northern Rock is offering during this time period a 90 per cent LTV at 4.95 per cent.  Applications must be received by 8 PM on September 5.  There are two, three, and five year fixed rate deals. 

Northern Rock has other deals available also.  For those with lower LTV needs, at 50 per cent LTV there is a two-year fixed rate at 2.48 per cent with a £995 product fee.  The 90 per cent LTV at a two year fixed rate has no product fee and a £250 cash back. 

Lloyd Cochrane, head of lending products at Northern Rock, said “This exciting new product range is a one week special designed exclusively for the intermediary sector with market leading rates and features.

“This is another example of our ongoing support for the intermediary sector and we believe that with a fixed withdrawal date, brokers will appreciate that they need to act fast to avoid disappointment.”

Northern Rock is just one of many UK lenders taking advantage of a market which is still mired in uncertainty.