Abbey mortgage range updated

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Abbey mortgage range updated

The Abbey mortgage range has been updated, with the five-year rate as well as several variable tracker products benefiting.

Abbey's best-buy five-year capped rate is now 4.99 per cent, while a selected range of its variable tracker products have been reduced by 0.05 per cent.

Gary Hockey-Morley, director of mortgages at Abbey, said: "Our new five-year capped rate mortgage offers borrowers longer-term security and a best-buy rate.

"Borrowers on this deal will never pay more than 4.99 per cent, which means that their monthly payments will start low and stay low."

The new Abbey mortgage deals are available as of June 27th.

Abbey fixed-rate, stepped fixed, flexible, discount and cashback mortgages are also still available, in addition to the existing range of tracker and stepped tracker mortgages without benefits package.

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