Abbey cuts fixed rates

The new rates are as follows:

2-year fixed rates:

4.19 per cent with a £995 fee up to 75 per cent LTV

4.24 per cent with a £995 fee up to 75 per cent LTV

4.29 per cent with a £549 fee up to 75 per cent LTV

3-year fixed rates:

4.49 per cent with a £995 fee up to 75 per cent LTV

4.54 per cent with a £995 fee up to 75 per cent LTV

4.59 per cent with a £549 fee up to 75 per cent LTV

Abbey will also be launching a market-leading fee-free 2-year fix at 4.49 per cent, available up to 75 per cent LTV for those looking to buy, move home or remortgage.

Ricky Okey, Managing Director, Abbey for Intermediaries, commented: “Many borrowers are looking to lock into a competitive fixed rate in the current economic climate to guarantee certainty of their monthly payments. Demand for 3-year fixes has trebled since November and we’ve responded by offering brokers a highly competitive range to meet their clients’ needs. With so many great fixed rates available from Abbey, now is the time for people to fix in at a low rate and benefit from the security of a fixed monthly payment.”