Abbey launches low fixed rate mortgages

Abbey today launched a range of new fixed rate mortgages, with rates at their lowest in 10 years.

For remortgagers there are a number of competitive fixed rate mortgages available for up to 75% LTV:

• 3 year fix – 4.09%
• 7 year fix – 4.99%
• 15 year fix – 5.38%

All have a fee of £995 and a maximum loan size of £250,000.

The mortgages are only available for a short time, until 14 June.

Abbey is also launching a 5 year fixed rate mortgage with up to 85% LTV, at a market-leading rate of 5.74%.

Again there is a £995 fee and the maximum mortgage size is £550,000.

Existing Abbey current account customers also have the option of a 2 year fixed mortgage deal at 2.9% with a maximum 60% LTV.

For this, customers must have had their primary current account with Abbey for a minimum of 12 months.

Director of Mortgages at Abbey, Nici Audhlam-Gardiner, said ‘In the last few weeks we have extended our range so there is something to suit every borrower whether they are remortgaging, moving house or making their first step onto the ladder.’

Abbey, along with Alliance & Leicester and the savings business of Bradford and Bingley, are part of Santander.