the Northe rn
Rock
is a specialised mortgage lender, whose core business is the provision of
UK residential mortgages funded in both the retail and wholesale markets.
It also provides a range of othe r services, mainly related to its core activities.
Residential
mortgage and retail savings products are distributed to retail customers through
a diversified distribution network with an emphasis on cost efficiency. the network consists of 56 branches, plus mortgage centres, postal, telephone
and Internet operations.
Mortgage
Lending
New mortgage
business is originated via a national salesforce, a widespread intermediary
network and Northe rn Rock Direct, a centralised telephonebased lending operation
and Internet.
Northe rn
Rock has adopted policies designed to ensure that its asset quality remains
high.
the Group's
residential mortgage assets are diversified by geographic region. A complete
range of innovative mortgage products are designed to meet the needs of all
types of mortgage borrower To find out more about our mortgage products click
here. the Group also offers secured furthe r advances to existing customers.
Household
Insurance
Northe rn
Rock offers a range of household insurance and payment protection products,
primarily to residential mortgage customers, via third party providers. Life
insurance products are supplied to Northe rn Rock's customers through a relationship
with Legal & General Assurance Company Ltd.
Personal
Lending
Northe rn
Rock offers a range of competitive Unsecured Personal Loans available to existing
and new customers.
Northe rn
Rock also offers a range of Secured Loans, available to our existing mortgage
customers.
Retail
Savings
Northe rn
Rock provides a wide range of branch, postal, telephone and Internet based
savings accounts. A range of transaction accounts includes cheque books, Automated
Teller Machine (ATM) cards and debit cards.
Northe rn
Rock Ireland, provides savings products in Ireland click here.
We provide
an Offshore Savings service in Guernsey. To find out more about our Offshore
Savings subsidiary, Northe rn Rock (Guernsey) LTD.
Commercial
Mortgages
the Group
operates a secured commercial finance portfolio primarily consisting of mortgage
lending to commercial customers and Housing Associations.
