Abbey mortgage deals announced
www.moneynews.co.uk > Mortgages > Abbey mortgage deals announced
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Money News |
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Abbey mortgage deals announced
Tue 21st Aug 2007
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The new products are both two-year trackers, the first of which is fee-free and offers 90 per cent loan-to-value (LTV) at 5.99 per cent.
A fee of £399 is payable on the second 'loyal mover' offering, which provides 90 per cent LTV at 5.84 per cent.
Abbey has also reduced the rates of three of its two-year fixed rate deals available through brokers, and reduced the fees on two other offerings.
The bank's head of mortgages, Nici Audhlam-Gardiner, said: "Abbey is committed to remaining competitive and these new deals reflect that, given recent downward movements in swap rates.
"Two new tracker products have also been added to the range in line with growing consumer appetite for these types of product."
Last month, Abbey claimed that government plans to introduce long-term fixed-rate mortgages would not appeal to most borrowers.
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