Abbey cuts rates on fixed deals

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Abbey has announced that from tomorrow it is cutting rates by up to 0.6% on its fixed rate mortgages.

The new rates include a two-year fixed product at 4.64% with a £549 fee for 75% LTV, up to £150,000, a three-year fixed deal at 4.89% with a £995 fee for 75% LTV and a five-year fixed deal at 5.09% with a £995 fee for 75% LTV. There is also an option for home movers and first-time buyers up to 85% LTV, at 5.84% with a £995 fee. "Abbey continues to offer very competitive deals, demonstrating that we have, and continue to be, open for business," says Nici Audhlam-Gardiner, mortgage director at Abbey. She adds: "We now offer market leading fixed rates at two, three and five years including s...

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