Abbey reduces remortgage rates

Amanda Jarvis

December 21, 2005

Highlights include:

-Two year fixed rate for remortgage customers reduced by 0.35%
– Other two year fixed rates reduced by 0.05%
– Two year tracker at 75% LTV reduced by 0.10%
– Five year fixed rates reduced by 0.10%

Lal Tawney, Abbey’s Head of Mortgage Marketing said: “For people that want to remortgage to Abbey, our two year fixed rate has been slashed by 0.35% to 4.74%. This rate offers borrowers free valuation and legal fees, making the whole deal a very attractive package. We’ve also taken this opportunity to trim some of our tracker rates, which were already some of the best rates in the market, to make them even more competitive.”

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