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."
