Abbey lowers rates on high LTV fixed rate mortgages

Andrew Goldsmith

December 4, 2009

Abbey say they are now offering some of the most competitive high LTV products in the market, available through both Abbey and Alliance & Leicester branches.

The rate changes include:

Fixed Rates

Five year fixed, 90 per cent LTV mortgage with a £995 booking fee at 6.69 per cent, down by 0.20 per cent.

Two year fixed homebuyer mortgage, 80 per cent LTV with a £995 booking fee at 5.19 per cent, down by 0.20 per cent.

Tracker Rates

Two year tracker, 85 per cent LTV mortgage with a £995 booking fee starting from 4.69 per cent, down by 0.10 per cent.

In addition Abbey will offer a brand new, market leading 75 per cent LTV, three year fixed rate mortgage for just 4.39 per cent with a £995 booking fee. The product is accessible to both homebuyers and those wishing to remortgage and are available through branches as well as via the telephone.

Nici Audhlam-Gardiner, Director of Mortgages at Abbey said: “We have been cutting rates across our whole range over the past month, and we are pleased to be able to cut rates now for those mortgages with a high loan-to-value and to help support the opening up of the housing market. This is a great time for those people looking to borrow for a home to snap up some highly competitive deals.”

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