Abbey revamps mortgages

28 June 2005
The mortgage range at Abbey has been revamped in a bid to offer long-term security and better value to customers.

Mortgage deals were launched on June 27th and include a new best buy five-year capped rate 4.99 per cent product.

In addition, a number of variable tracker products have been reduced by 0.05 per cent.

Abbey's director of Mortgages, Gary Hockley-Morley, said: "Our new five-year capped rate mortgage offers borrowers longer-term security and a best-buy rate.

"Borrowers on this deal will never pay more than 4.99 per cent, which means that their monthly payments will start low and stay low."

Among the other mortgages that have been changed as part of the revamp are tracker rate deals, capped rate deals and stepped tracker products.

The financial firm still offers stepped fixed, discount, fixed, cashback and flexible mortgages.

To read more about mortgages, click here.

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