Abbey is increasing the Loan to Value (LTV) percentage on its fixed rate mortgages
Published: 14 May 2009
By Diane Ray Leave a Comment
Updated: 14 May 2009
Abbey is increasing the Loan to Value (LTV) percentage on a number of its fixed rate mortgages.
The LTV increase will come into effect tomorrow, 15 May.
It will raise the LTV to up to 70% on its 2, 3 and 5 year fixed rate mortgages.
All these mortgages will keep the same interest rates and fees, it’s just the LTV that is increasing, making the mortgages more accessible for borrowers.
The mortgages with up to 70% LTV include
- 2 year remortgage at 3.65%
- 3 year purchase and remortgage at 4.14%
- 5 year purchase and remortgage at 4.69%
All carry a fee of £995.
For Abbey customers who have had a current account for a minimum of 12 months, Abbey are also offering a 2 year fixed remortgage deal at 2.95%, with up to 70% LTV and a £599 fee.
Abbey is part of Santander which in the UK operates as Alliance & Leicester and the savings business of Bradford & Bingley as well as Abbey.
