Northern Rock Building Society Loans

Northern Rock is currently the 9th 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 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 other 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 76 branches, plus mortgage centres, postal, telephone and Internet operations.

New mortgage business is originated via a national salesforce, a widespread intermediary network and Northern Rock Direct, a centralised telephone-based lending operation and Internet.

Northern 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. The Group also offers secured further advances to existing customers.

Northern 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 Northern Rock's customers through a relationship with Legal & General Assurance Company Ltd.

Northern Rock offers a range of competitive Unsecured Personal Loans available to existing and new customers.

Northern Rock also offers a range of Secured Loans, available to our existing mortgage customers.

The Group operates a secured commercial finance portfolio primarily consisting of mortgage lending to commercial customers and Housing Associations.