Abbey gets flexible with mortgages

25 October 2005
Abbey is making its Flexible mortgages range even more flexible by introducing competitive rates, lower fees and financial help towards legal and valuation costs.

The bank has also cut the rates on its Flexible Plus and its Standard Flexible Plus mortgages.

Head of mortgage marketing at Abbey, Lal Tawney, said: "We've cut the rates on two of our Flexible Plus products and the whole range now offers very attractive rates.

"Flexible Plus offers borrowers the opportunity to offset savings against borrowings and comes with the added bonus of overpayments, underpayments and payment holidays."

Abbey's Flexible Plus now offers a rate of 4.99 per cent and its Standard Flexible Plus is now available at a rate of 5.25 per cent with a new, lower fee of £199.

Abbey says that the Flexible Plus mortgage is the "perfect option” for those who want to get the best rate, but do not want to remortgage frequently and are reluctant to tie themselves to a fixed-rate mortgage.

Free fee valuation of up to £1,100 is available for home-buyers and those wishing to remortgage.

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