Abbey two-year fixed rate mortgage discounted

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Abbey two-year fixed rate mortgage discounted

Wed 21st Dec 2005

Reduced rates on the Abbey two-year fixed rate mortgage will be available to remortgage customers from today.

The 0.35 per cent drop comes as rates are lowered on many other Abbey products in time for Christmas, including a 0.05 per cent reduction on the rest of the fixed rate mortgage range.

Lal Tawney, Abbey's head of mortgage marketing, said: "For people that want to remortgage to Abbey, our two-year fixed rate has been slashed by 0.35 per cent to 4.74 per cent."

He added: "We have also taken this opportunity to trim some of our tracker rates, which were already some of the best rates in the market, to make them even more competitive."

A 0.1 per cent reduction will apply to a two-year tracker at 75 per cent loan-to-value and to five-year fixed rates.

The Abbey two-year fixed rate mortgage deal includes free valuation and legal fees.

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