New 2 year fixed rate mortgage from Abbey

Abbey has added a new best buy fixed rate mortgage to its mortgage range.

The new 2 year fixed rate mortgage is available for a maximum 70% LTV and has a rate of 3.69%.

There’s a £799 fee for both house purchase and remortgage and this new fixed rate mortgage is available through Abbey and Alliance & Leicester branches or via the telephone.

Nici Audhlam-Gardiner, Director of Mortgages at Abbey said ‘We continue to offer our customers compelling deals on both fixed and tracker rates. Throughout 2009, we have remained strong in the mortgage market and achieved an estimated 20.5 per cent gross market share in the third quarter of 2009.’

Other best buy mortgages available at Abbey include

• 2 year tracker mortgage, up to 70% LTV at a rate of 2.69% and a £995 fee
• 2 year fixed rate mortgage, up to 75% LTV at a rate of 4.39% and no fee

There’s also a no booking fee 3 year fixed rate mortgage available, up to 90% LTV at a rate of 5.99%

Abbey and Alliance & Leicester (and the savings part of Bradford & Bingley) are part of Santander and will become known as Santander by the end 0f 2010.