Abbey announces new fixed-rate mortgage deals

Date:Friday 11th December 2009
Author: Susanna Kavka

Abbey has announced it is to again lower the rates on some of its fixed rate mortgage products.

Available through both Abbey and Alliance & Leicester branches, the deals include a three-year fixed rate product at 4.29 per cent with a loan-to-value (LTV) of up to 75 per cent for remortgaging customers. This deal offers a 0.10 per cent discount on the standard three-year fixed remortgaging product.

For new customers, there is a five-year deal with a rate of 4.95 per cent and a LTV up to 70 per cent and is available for existing Abbey and Alliance & Leicester customers.

Nici Audhlam-Gardiner, director of mortgages at Abbey, said: "We have been cutting rates across our whole range over the past month, making mortgages even more affordable for those looking to get onto the property ladder or who are ready to remortgage."

Earlier in the month, Abbey commented that it was disappointed the government had not decided to extend the stamp duty holiday beyond its January 1st deadline.