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Abbey amends remortgage deals

26 January 2006
Abbey has kick-started the new year with a new deal that will benefit remortgagers.

In response to its customers' calls for more flexible deals with highly competitive rates and the option of taking out a mortgage with no fees, Abbey has launched what it feels are "the best Flexible offset mortgages in the market".

The highlights of the changes include the fact that all standard rates with a maximum loan to value (LTV) of 75 per cent are now available up to 90 per cent LTV.

In addition, a new two-year fixed rate with no fee is being introduced at 4.99 per cent and is available up to a maximum 90 per cent LTV. It offers free valuation and standard legal fees.

Its flexible fixed rate has reduced by 0.1 per cent to 4.39 per cent and is supposedly one of the lowest fixed rates in the market.

"New year is a time when many people review their finances, especially their mortgage. Remortgaging to a better mortgage deal can save thousands of pounds and it is very easy to do," said Lal Tawney, head of mortgages at Abbey.

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