Abbey launches new mortgage deals for loyal customers

Abbey is rewarding loyal customers with a range of new deals on fee-free tracker mortgages, fixed rate mortgages and an offset mortgage.

Abbey and Alliance & Leicester customers who have held their account for more than 6 months will have access to a range of lower rate mortgages.

The mortgage deals are available in branch or on the telephone for a limited period and inlcude

Fixed rate mortgages

• 2 year fix, 75% LTV for purchase or remortgage at 3.89%
• 4 year fix, 75% LTV for purchase or remortgage at 4.99%
• 3 year fix, 90% LTV for purchase only

Tracker mortgages – 3 year, 75% LTV for purchase or remortgage at 2.99%

Offset mortgage – Up to 75% LTV, for purchase or remortgage at 3.25%

Customers need to have been an existing customer, having held their main bank account with Abbey for more than 6 months, credit a minimum of £1,000 a month and have at least one direct debit set up.

Nici Audhalam-Gardiner, Director of Mortgages at Abbey, said ‘This is great news for our existing customers, whether they’re looking to remortgage or purchase a new home, they can now take advantage of more affordable offers.

We’ve already seen a lot of interest for these deals – around 25% of our sales in the branches are to existing current account customers who are taking advantage of these great offers.’

Abbey and Aliance & Leicester (and the savings business of Bradford & Bingley) are part of Santander and will become known as Santander by the end of 2010.