Abbey cuts fixed-rate deals
Friday, 14 Sep 2007 13:53
Abbey is cutting mortgage rates on its two-year fixed-rate deals by between 0.05 per cent and 0.21 per cent.
Nici Audhlam-Gardiner, Abbey head of mortgages, said: "We are committed to ensuring that Abbey's fixed-rate mortgages continue to be among the most competitive rates in the market. Two-year fixed-rate products are the most popular products in the Abbey range. As with our other mortgages we change our rates in response to the market and our competitors."
From September 18th, the two-year no-fee fixed homebuyer will be cut by 0.15 per cent to 6.54 per cent. The two-year fixed core and remortgage deals with fees will be cut by 0.1 per cent to 6.39 per cent and 6.49 per cent respectively.
The two-year fixed core with £675 fees will fall 0.2 per cent to 5.99 per cent, the homebuyer deal with £499 fess will be cut by 0.2 per cent to 6.19 per cent, and the remortgage deal with £799 will fall 0.21 per cent to 5.99 per cent.
Rates for Abbey two-year fixed-rate mortgages available via brokers will fall between 0.05 per cent and 0.15 per cent.