Mortgage Industry News

← Back

Abbey cuts mortgage rates

Date: Thu, 18 Nov 04 Analysis

Abbey for Intermediaries has re-launched its mortgage range and reduced fixed rate deals by up to 0.40 per cent.

The new range features a two-year fixed deal at 4.94 per cent and a two-year fixed rate deal of 5.04 per cent at 60 per cent LTV with no early redemption charges, aimed at customers who are looking for peace of mind without feeling tied to one lender.

Abbey has also introduced a special five-year remortgage solution at 5.24 per cent, which includes a free valuation and legal fees.

Abbey for Intermediaries is also continuing to offer 60 per cent LTV mortgages for customers who want to enjoy lower repayments and can put down a larger deposit.

For loans in this bracket, Abbey offers a two-year variable rate tracker from 4.44 per cent (4.74 per cent including remortgage solution), with an arrangement fee of £499.

Ambrose McGinn, director of Abbey for Intermediaries, said: "We've brought our fixed rates right down to help intermediaries whose clients are looking for peace of mind if interest rates rise.

"The added benefit of having no redemption charge on some of these deals also means customers have true flexibility and choice - it's the best of both worlds."

© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.