Abbey has cut rates on a selection of two-year fixed rate mortgage products it was announced today.
Rates will be cut by between 0.05% and 0.21% and the new rates will be available from 18 September.
Products sold through brokers will receive smaller rate cuts, with the two-year fixed homebuyer and remortgage products both being cut by 0.15%. The two-year homebuyer and remortgage products are now both below 6%, priced at 5.99% and 5.89% respectively, along with 2-year fixed core products, which will be priced at 5.79% and 5.69% depending on fees paid.
Commenting on the cuts, Nici Audhlam-Gardiner, Abbey head of mortgages, says: “We are committed to ensuring that Abbey’s fixed rate mortgages continue to be among the most competitive rates in the market. Two-year fixed rate products are the most popular products in the Abbey range.”
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