Abbey has announced some new additions to its mortgage range along with reduced broker-only deals, which are available from today.
The lender has launched two new 2-year tracker deals. The first features no fee on up to 90% LTV at a rate of 5.99%, while a second ‘loyal mover’ product offers a rate of 5.84% for a £399 fee to current Abbey customers who are looking to remortgage.
Three products have seen rates reduced due to recent downward movements in swap rates. The 2-year fixed product with a £999 fee has seen rates reduced to 5.84% while the 2-year fix remortgage product with the same fee is now 6.04%. The 2-year fixed product with a £1499 fee is 5.74%. All of these products are only available through brokers.
In addition, the broker-only 2-year fixed tracker, at a rate of 5.49%, has seen a fee cut to £799 and the direct to consumer 2-year product with a fixed rate of 5.84% is available for a fee of £499.
Nici Audhlam-Gardiner, head of Abbey Mortgages, says: "Abbey is committed to remaining competitive and these new deals reflect that, given recent downward movements in swap rates. Two new tracker products have also been added to the range in line with growing consumer appetite for these types of product.”
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