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Abbey is cutting rates on all of its fixed rate mortgage  deals today at 60 % and 75 % LTV.

The rate cut will put  Abbey at the top of the best buy tables on all two, three and five year fixed rate mortgages at 75 % LTV and below.

Two and three-year 60 % LTV deals were cut by 0.25 per cent - both are now 5.49 per cent with £499 fee

Two-year fixed rate mortgage deals at 75 % LTV were cut by 0.35 per cent - now start from 5.54 per cent with £995 fee

Three-year fixed rate deals at 75 % LTV cut by 0.30 per cent - now start from 5.54 per cent with £995 fee

Five-year fixed rate mortgages at 75 % LTV cut by 0.25 per cent - now start from 5.54 per cent with £995 fee

New five-year fix at 60% LTV added to the range - 5.49 per cent with £499 fee

Also  Abbey are holding their competitive tracker rates, and have increased the maximum loan size on our two-year tracker and fixed deals at 60 per cent LTV to £550,000.

Nici Audhlam Gardiner, Director of Abbey Mortgages, commented: “Despite the challenging market conditions our mortgage business has gone from strength to strength as our results showed earlier in the week. This is in large part down to our competitive deals. This week we’re cutting rates further on our most popular two, three and five-year fixed rate deals by up to 0.35 per cent.”