Abbey two-year fixed mortgage launched

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Abbey two-year fixed mortgage launched

Abbey has launched a new low two year fixed rate mortgage, available from the start of next month.

The product is available to Abbey customers at a fixed rate of 4.49 per cent, a reduction from the previous 4.64 per cent, on loan to value of 75 per cent.

Borrowers will not be liable for any early repayment charge, with a fee of £599 applicable.

Lal Tawney, Abbey's head of mortgage marketing, said: "Our new two year tracker offers a very competitive rate, plus the added bonus of no early repayment charge.

“This offers the customer the ultimate in flexibility: a low repayment rate and the freedom to remortgage at any time with no penalty should they see a better deal."

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