Address: Northern Rock Plc
Northern Rock House
Newcastle upon Tyne
NE3 4PL
DX 60350 Gosforth 2
Northern Rock is currently the 7th largest UK quoted bank (by market capitalisation), the largest financial institution based in the North East of England and one of the most cost efficient UK mortgage lenders based on key performance ratios.
Northern Rock Building Society was formed on 1 July 1965 as a result of the merger of Northern Counties Permanent Building Society (established in 1850) and Rock Building Society (established in 1865). Northern Rock Building Society then merged with a number of small local building societies and, prior to its conversion to a public limited company in October 1997, was an amalgamation of 53 societies.
The Northern Rock Base Rate Tracker Credit Card offers the Bank of England base rate for the first six months with a rate guarantee after that. They charge no annual fee and up to 59 days interest free credit on purchases. Their services are open 24/7 and balance transfers as well as instant decisions on applications can be made over the phone.
The introductory rate is variable for 6 months from the date of account opening, after which it reverts to a higher APR
Northern Rock is a UK Top 10 mortgage lender offering fixed rate, flexible and buy to let mortgages. The majority of Northern Rock flexible products now come with an unsecured cash reserve which will take your total borrowing up to 100%.
Customers can manage their accounts in-branch, or by post, telephone and internet banking.
One of the lowest personal loan APR's in the UK.
Source: www.moneyfacts.co.uk 29/08/06:
£5k over 36 months without payment protection insurance
APR
Monthly Repayment
Total Amount Payable
Saving with Northern Rock
Northern Rock
5.8%
£151.43
£5,451.48
Royal Bank of Scotland
7.9%
£155.93
£5,613.48
£162.00
Natwest
8.0%
£156.13
£5,620.68
£169.20
Lloyds TSB
8.9%
£158.07
£5,690.52
£239.04
Halifax
9.2%
£170.81
£6,149.16
£697.68
BarclayLoan
14.9%
£171.13
£6,160.68
£709.20
Source: www.moneyfacts.co.uk 29/08/06
Northern Rock is not endorsed by or associated with the Good Finance Guide. All trademarks remain the property of their respective companies.
Mortgage code compliance board
You and Your Mortgage
The Mortgage Code sets standards of good practice as to how mortgage lenders and intermediaries deal with their customers.
When sourcing your mortgage you should check that your lender or intermediary is registered under the Mortgage Code. More than 150 lenders and 13,000 intermediary firms, covering virtually the entire market, have registered under the Code. If a lender or intermediary fails to meet the standards of the Mortgage Code, and you suffer as a result, you have the right to seek redress under a compulsory complaints process.
You, as a potential mortgage customer, must be given a copy of the leaflet 'You and Your Mortgage' at your first discussion about a mortgage. The leaflet outlines the standards which mortgage lenders and intermediaries have to meet.
