Bigger discount from the Rock

NORTHERN ROCK has increased the discount on its variable rate loan and now offers a cashback as well.

Steepest of Birmingham Midshires' new discounts is a reduction of 4.75 per cent to 2.99 per cent for six months.

Lloyds Bank has five new fixed rates until the end of May. The one-year rate for first-time buyers is 5.55 per cent and must be accompanied by a Black Life policy.