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Abbey redrafts mortgage rates

05 September 2005
Abbey has redrafted it terms for a host of mortgage products including the introduction of the lender's lowest two year fixed and tracker deals this year.

Responding to news that many borrowers are coming off existing two-year deals, Abbey has sought to attract new customers to its mortgage portfolio.

Most fixed rates have been cut by 0.05 per cent, while the two-year deals have been set at 4.39 per cent with a £399 fee and a tracker rate at 4.24 per cent with a £699 fee.

Abbey's head of mortgage marketing Lal Tawney commented: "Anyone who is coming to the end of a cheap fixed rate mortgage this September will find some excellent new deals on offer from Abbey.

"We have cut rates, reduced fees and introduced two attractive new lower LTV products, ideal for people in the remortgage market. Remortgaging is easy to do and could result in a significant monthly saving".

Abbey’s new fixed rate mortgages are available from today.

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