Northern Rock slashes mortgage range by over two thirds

The changes are wide ranging with a number of products being withdrawn entirely, while some have been repriced or had lending criteria changed. All 18 month fixed rates deals are to be withdrawn, along with all Together three-year fixed and Together variable products. The Together range will also offer similar income multiples as other products in future and enhanced income multiples for fixed rates of five or more years have been withdrawn. Several products have seen LTV’s simplified, including the Together range, which has a single LTV tier of 125% of which 95% must be secured. The fi...