Abbey to Lower Rates Later This Week
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Abbey is to reduce the rate on its four-year fixed mortgage by up to 0.4% later this week.
The latest mortgages include a four-year fixed rate at 4.49% with a £994 fee at up to 70% LTV available for purchases and remortgages.
No fee options include a four-year fixed rate deal at 4.99% at up to 75% LTV for purchases, and another four-year fixed rate deal at 5.29% at up to 75% LTV for remortgages.
Abbey for Intermediaries has also reduced the fee on its two-year tracker at 4.74% by £500 to £495.
The product is available at a maximum LTV of 85%.
Ricky Okey, managing director at Abbey for Intermediaries, says: “Our latest rate reductions mean that brokers can now offer their clients a more competitive range of four-year fixes, ideal for borrowers looking for the peace of mind provided by a longer term fix.
“Those borrowers wanting the flexibility of a tracker rate, meanwhile, can take advantage of the reduced fee available on our two-year tracker.”
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