Abbey launches new-build and flexible products

Amanda Jarvis

March 13, 2006

Highlights include:
* New 'new build' two-year tracker at 4.69 per cent
* New 'new build' two-year fixed at 4.69 per cent
* New Flexible Plus at 5.09 per cent (base rate plus 0.59 per cent – 0.16 per cent lower)
* Flexible Plus rate of 4.99 per cent still available
* New 10-year fixed rate at 4.99 per cent
* Intermediary exclusive two-year fixed rate at 4.54 per cent still available

Ricky Okey, managing director of Abbey for Intermediaries, said: “New-build is an area that Abbey is taking an increasingly active interest in and we have launched two new mortgages for borrowers in this market. The completion deadlines are 12 months rather than six months, to reflect the fact that buying a new build property can sometimes take longer than buying a re-sale property. The two-year tracker and the two-year fixed
are both available at 4.69 per cent with a minimum deposit of 10 per cent.”

“Abbey is also maintaining its intermediary-exclusive two-year fixed rate
at 4.54 per cent up to 90 per cent LTV.”

Abbey's new mortgages are available from 13 March 2006:

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