Abbey cuts rates by up to 0.35%

Rates have been cut by up to 0.35%, including products in the ‘large loan’ range. Two and three-year fixed rates have been cut by up to 0.2% and are available from 5.79% at 75% LTV, while five-year rates have dropped 0.3% to 5.89%. Abbey’s large loans range, which lends up to £5m, has benefited from the biggest reductions. A three-year fixed rate large loan at 60% LTV has been cut 0.35% to 6.45%, while the three-year tracker is down to 6.24% from 6.34%. If you would like to comment on this story, contact: John Bakie Tel: 020 7484 9805 e-mail: [email protected] IFAonline