Abbey re-launches buy-to-let range

26 April 2006
Abbey has announced it will be re-launching its range of buy-to-let mortgages, in light of the fact that the market is expanding.

The reintroduction of the range includes new fixed and tracker rates, free valuation fees as well as cash back options for remortgagers. There will also be a fee-free fixed or tracker buy-to-let mortgage, reducing start-up costs.

"In our autumn trading update we said we wanted to expand into areas where we felt there is significant opportunities for growth, such as buy-to-let, and now we're delivering what we promised," said Paula Ickinger, a product executive for mortgages and loans at Abbey.

"This is a growing market and buy-to-let has attracted a lot of investment from new landlords drawn by the opportunity for high returns," she continued.

"With this new range of tracker and fixed rates we are making it easy for landlords to enter the market and benefit from the investment opportunity."

Abbey's interest rates on its buy-to-let mortgages range from a three-year tracker at 5.04 per cent to a three-year fixed rate at 5.59 per cent.

To read more about buy-to-let mortgages, click here.

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