Abbey cuts rates again

26 February 2009

On Friday 27 February, Abbey is introducing two new no fee products. Both are 3-year fixes without any fee and have either the Remortgage Solution which includes free valuation and free legals or the Homebuyer Solution which includes free valuation and £250 cashback on completion. The rate is 4.59 per cent up to 75 per cent loan-to value.

Abbey is also reducing the rate on the 2 and 3-year 60 per cent loan-to-value remortgage products. The 2-year fix is now 3.84 per cent with a £995 fee and the 3-year fix at 4.14 per cent with a £995 fee.

Abbey has a special limited offer for customers on its 2-year tracker with no fee at 4.09 per cent with a 60 per cent loan-to-value.

Nici Audhlam-Gardiner, Abbey Mortgage Director, commented: "We have added the no fee 3-year fix to our popular no fee 2-year fix as fixed rates continue to be most popular amongst borrowers looking to guarantee their monthly payments. At Abbey, We continue to offer a highly competitive range to meet borrowers' needs, which we have further improved by cutting rates on our existing 2 and 3-year fixes at 60 per cent LTV. With so many great fixed rates available from Abbey, now is the time to lock in a low rate and benefit from the security of a fixed rate mortgage."

For more information, visit abbey.com