About Northern Rock Loans & Northern Rock Mortgages!

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About Northern Rock

Northern Rock PLC is one of the leading home mortgage lenders in the UK. An outgrowth of the old Northern Rock Building Society, the company is based at Regent Center near Newcastle in the north. The bank was floated on the London stock exchange in 1997, distributing shares to members who held bank accounts and mortgages. While it was expected that Northern Rock would be merged with one of its larger rivals, it has found a fair bit of success in the British financial services industry, and gained promotion to the FTSE 100 Index is 2000.

The original entities behind Northern Rock are the Northern Counties Permanent Building Society, founded in 1850, and the Rock Building Society, founded in 1865. Both building societies merged in 1965, through a merger of assets and liabilities, taking on a joint name for the combined venture. This long history in the northern financial services industry gives Northern Rock a solid view of the long term benefits it provides to the communities it serves as a financial services broker.

While Northern Rock has made its reputation as a mortgage lender, one of the top five in the UK overall, it maintains a full suite of banking services, with savings accounts, Northern Roack loans and insurance, both home owner and personal. Northern Rock's bread and butter business is Northern Rock loan product range, and much of its success stems from its sensible, straight forward loan packages, and its customer care; it has the highest retention of customers in the business after their terms of debt have expired.

Northern Rock Loans and Mortgages

Northern Rock loans, ranging from £5,000 to £25,000, have typical lending rates at 6.2% per annum (fixed rate loan). This permits customers to plan their finances carefully, and is good for picking up a new car or other large purchase, while being an affordable source of money. As a fully modern banking institution, Northern Rock has online loan calculators, allowing you to adjust term and amount borrowed to find one that suits your financial needs. The express Northern Rock loan application process can have the money in your bank account by the end of the same day the application is turned in.

If you own your own home, or other tangible assets with a mortgage owned by Northern Rock, you can use the equity in your home as the collateral for a Northern Rock loan. Typical second mortgages are used to improve the valuation of your home, by performing home improvements, or for debt consolidations. With a secured loan, you have considerably more options for spreading your payment out over time, and with a long term loan, can slash your monthly payments considerably. The maximum amount you can borrow with a Northern Rock loan arrangement ranges from £3,000 to up to 95% of the assessed value of your home; your payment flexibility will be the same as for your existing mortgage, allowing early payments, underpayments and overpayments, or, if circumstances warrant, a payment holiday.

As with all secured loans on a home, be aware that defaulting on it can result in the loss of your home. Take out a secured loan on your home only for sound financial reasons.

Northern Rock and Loan-Seeker.co.uk

Loan Seeker is not associated with Northern Rock and does not directly promote Northern Rock loans or Northern Rock mortgages. Loan Seeker also does not work for Northern Rock although we may at any time choose to introduce visitors to our site to the following Northern Rock loan product range:

Loan Seeker is an independently owned website that has relationships with a number of different lenders at any one time, according to the conditions and terms offered by the particular lender: we always search for the best! As Northern Rock can only ever offer you Northern Rock loans and mortgages, you cannot be sure that you will get the best deal. However, if you specifically want a loan from Northern Rock, you should visit their official website here: www.northernrock.co.uk .