Northern Rock revises Together Mortgage

In response to rate changes at rival BM Solutions, Northern Rock revamped its Together range of mortgages yesterday by cutting rates across the entire range.

In addition, it has increased the help with costs option to £1,000, added two new short-term fixed rate mortgages and cut variable mortgage rates.

The marketing director of Northern Rock, Anth Mooney, said: “Increasing help with costs to £1,000 on our Together range means that customers can now use help with costs to cover their product fee thereby helping them to offset fee costs.

“Alternatively, help with costs could be used to help offset other costs associated with moving home such as stamp duty, legal fees or home improvements.”

BM Solutions altered rates across its Mortgage Plus range on January 31st. The range had been released last year to rival Northern Rock’s popular Together Mortgage.

Both lenders’ products combine a secured mortgage and unsecured loan and are aimed at first-time buyers.

Tags: Unsecured loan, GBP, mooney, Together range, year, Solutions altered rates