Abbey for Intermediaries has cut the interest rate two and five-year fixed-rate mortgage range by upto 0.25% in a bid to make the deals more attractive to customers.
The Glasgow-based insurer says new fixed rates - available to first-time buyers, home movers AND those who are remortgaging - are aimed at people who are worried about a possible interest rate hike. As a part of the deal, consumers will now have to pay 4.84% for a two-year fixed-rate up to 75% loan to value, and 5.24% for the same kind of loan over a five-year period. Alternatively, they can also borrow up to 95% loan to value for either 5.04% or 5.44% for a two-year and a five-year fixed rate respectively. In addition to the new rates, Abbey will also offer a ‘help with fee’ optio...
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