Abbey is making interest rate reductions on a number of fixed rate and tracker products from tomorrow.
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%.
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