Abbey lowers rates on LTV fixed rate mortgages

04 December 2009

04 December 2009

Abbey has today announced it is to lower fixed and variable rates on some of its high Loan to Value (LTV) mortgage products, including changes to their 5 and 2 year fixed, 2 year tracker, and the introduction of a new 3 year fixed.

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 a 5 year fixed, 90% LTV mortgage with a £995 booking fee at 6.69%, down by 0.20%, and their 2 year fixed homebuyer mortgage, 80% LTV with a £995 booking fee at 5.19%, down by 0.20%.

Abbey have also dropped rates on their 2 year tracker, 85% LTV mortgage with a £995 booking fee starting from 4.69%, down by 0.10%.

In addition Abbey will offer a brand new, market leading 75% LTV, 3 year fixed rate mortgage for just 4.39% 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 comments:

"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."