100% Abbey mortgage launched
www.moneynews.co.uk > Mortgages > 100% Abbey mortgage launched
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Money News |
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100% Abbey mortgage launched
Mon 11th Jun 2007
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Set to be rolled out on Wednesday June 13th, the Abbey mortgage allows consumers to borrow up to a maximum of £500,000.
The mortgages are available in two, three and five-year fixed-rate and tracker packages.
Possessing no higher lending charges, the Abbey mortgages are available through the group's IFA and retail network.
Ricky Okey, managing director of intermediaries at Abbey, said that the package had been designed as many people, even in their 30s, were finding it difficult to get on to the property ladder.
"We wanted to develop a product which helps people who are struggling to get onto the housing ladder.
"Given that the average price of a house in the UK is now well above the £200,000 mark, it was important to us that we offer people the opportunity to take out a sufficient size loan without demanding a deposit," he added.
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Related News : Santander |
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