Abbey launches fee free fixed rate mortgage
Published: 17 July 2009 By MoneyhighStreet Staff Leave a Comment
Abbey has today launched a new fee free fixed rate mortgage at a market leading rate of 4.99%.
The new fixed rate mortgage is available fee free at 4.99% for existing current account customers.
Up to 75% LTV is available and Abbey’s Homebuyer Solution or Remortgage Solution are available.
To qualify for this mortgage, customers must have held their primary current account with Abbey for a minimum of 12 months.
In addition, Abbey is launching a 4 year fixed rate mortgage with up to 85% LTV at a rate of 5.99%.
This mortgage product has a £995 fee and also comes with either the Homebuyer Solution or Remortgage Solution.
The Abbey Homebuyer Solution for purchasers offers a free valuation and £250 cashback on completion.
The Abbey Remortgage Solution for remortgagers offers a free valuation and free legals.
Mortgage Director at Abbey and Alliance & Leicester, Nici Audhlam-Gardiner, comments ‘At a time when many borrowers are looking for the peace of mind provided by a fixed rate mortgage, we are delighted to launch a market leading four-year fix available up to 85 per cent LTV through Abbey, and a highly competitive, fee-free four-year fix to reward loyal current account customers’.