Abbey launches new 3 year fixed rate mortgage
Published: 2 April 2009
By Diane Ray Leave a Comment
Updated: 2 April 2009
Abbey, part of Santander, is launching a new 3 year fixed rate mortgage for homebuyers on Friday 3 April.
The new 3 year fixed rate mortgage will be at 4.14%. It will be available for up to 60% LTV.
Although it does have a £995 fee it does have the Abbey Homebuyer Solution. This offers a free valuation and £250 cashback on completion.
The Abbey 2 year tracker mortgage, which is available for up to 75% LTV, will also have its fee reduced to £995, from the current £1,495.
Recognising the needs of first time buyers, Abbey is also introducing a new 4 year fixed rate mortgage specifically for first time buyers. This will be at 5.84% and available up to 85% LTV and with a smaller fee of £495.
The Abbey Homebuyer Solution will also be available with this first time buyer mortgage deal.
