Abbey has today announced it will add a new product range of mortgages, called Fix and Flex, to its portfolio.
The new products will allow borrowers to use a fixed rate at the start of the mortgage and then revert to a variable rate for the remainder of the mortgage term. Borrowers can choose to fix the mortgage for 6 or 12 months, starting at 6.09% and 6.14% respectively, and then revert to a variable rate at 0.49% above the Bank of England’s base rate for the lifetime of the mortgage. Abbey says the Fix and Flex range includes all the features of Abbey’s Flexible Plus products, including overpayments, underpayments, offsetting and payment holidays. Both 6-month and 12-month deals have option...
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