The news, which will see the reduction come into force from Monday next week (23rd August), comes just days after the lender reduced mortgage rates across its entire range.
The move takes the mortgage application fee for purchase customers down from £250 to £99, and is one of the many ways in which Northern Rock plc is trying to make improvements to its products and services.
The purchase range, which includes both fixed rate and tracker products, as well as buy-to-let, is designed to appeal particularly to first-time buyers and those with lower deposits.
Commenting, Anth Mooney, marketing director at Northern Rock plc said, “This reduction to our mortgage application fee is great news for customers who are looking to keep their purchase costs low.
“There are lots of elements involved in buying a new home and this is one way Northern Rock is helping to keep things as straightforward and affordable as possible for our customers.”