Companies » Northern Rock

Northern Rock

Northern Rock plc is a specialized lender whose core business is the provision of secured residential lending, secured commercial lending and unsecured personal finance in the United Kingdom. The Company obtains funds from both on-shore and off-shore personal savings, wholesale money markets, covered bonds and from the securitization of mortgage assets. Income is also generated from the sale of third-party insurance products. Residential mortgage and retail savings products are distributed to retail customers through a distribution network, which consists of 72 branches and mortgage centers, postal, telephone and Internet operations. A large proportion of its residential mortgage business is sourced indirectly via independent financial advisers and the introducer market. All lending activities are carried out in the United Kingdom, whereas funding, particularly non-retail funding, is attracted globally.

Official website:www.northernrock.co.uk