Abbey Two-Year Tracker mortgage among new deals
www.moneynews.co.uk > Mortgages > Abbey Two-Year Tracker mortgage among new deals
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Money News |
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Abbey Two-Year Tracker mortgage among new deals
Mon 24th Apr 2006
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This offer has a fee of £649 for loans up to £500,000 and a maximum loan-to-value (LTV) level of 75 per cent – for mortgages up to £2 million a fee of £849 will apply.
There were also two new fixed-rate deals launched, for terms of five years, at a rate of 5.39 per cent for remortgage customers and seven years, at a rate of 5.14 per cent for borrowers moving house and first-time buyers.
No fee is set on the five-year remortgage deal, which has a maximum LTV of 90 per cent and the seven-year deal charges £449 and has a maximum LTV of 95 per cent.
The Abbey Two-Year Tracker mortgage is also available on a remortgage basis, but will incur a £50 increase in fee in these cases.
Lal Tawney, head of mortgages for Abbey, said: "This is a popular time of year to move house and spring-clean finances, which can be a daunting challenge. Abbey has launched a range of new mortgages to help movers, remortgagers and first-time buyers, with a variety of different rates and options."
Other new offers announced included a five-year fixed-rate 'new build' option, at a rate of 5.24 per cent for new build properties only and a lifetime tracker with a rate of 5.29 per cent.
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